Public Policy

Yale SOM’s Gary Gorton argues that financial crises happen because short-term lending, while essential to the economy, is also vulnerable to panic when parties lose confidence in each other. In a new paper, Gorton proposes a method of regulating short-term debt and preventing future crises. 

More and more of our economic and social lives are being conducted through digital channels. Economist Fiona Scott Morton talks about how effective antitrust regulation and enforcement can ensure that consumers benefit from the next killer app.

School finance reforms that equalize spending across rich and poor neighborhoods improve the long-term economic outcomes of disadvantaged children.

This month, the Trump administration announced a series of steps to overhaul the kidney transplant system. We asked operations expert Vahideh Manshadi if the changes could make a difference for patients.  

Instead, argues Yale SOM’s Fiona Scott Morton, the government should exercise its regulatory powers to promote competition.

Adjusted for inflation, charitable giving in the United States fell by 1.7% in 2018, We asked Prof. X. Frank Zhang what explains the decline and how policymakers can encourage more giving.   

Is there a crisis at the U.S. southern border? We asked Cristina Rodríguez of Yale Law School, whose research interests include immigration law and policy, to shed light on the reality behind the divisive politics.

In an analysis of the Great Recession, Yale SOM's Paul Goldsmith-Pinkham and his co-authors found that debt relief increased employment by up to 2% nationwide.

President Trump recently announced his intention to appoint two well-known conservative figures—Stephen Moore and Herman Cain—to the Federal Reserve Board of Governors. We asked Prof. Andrew Metrick about the qualities of an effective Fed governor.

As chief investment adviser for New York City, Ranji Nagaswami ’86 delivered the unvarnished truth when she discovered unwelcome news about the city’s pension funds.