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Misinformation

Preventing Algorithmic Collusion by Adding Noise to Market Data

Niuniu Zhang
In new research, Niuniu Zhang discusses how regulators can add “noise” to market data to preclude tacit collusion through algorithmic pricing software without hampering legitimate market practices.
Commentary

How To Design CBDCs for an Open World Economy

Jeff Alvares
Countries representing 98% of global GDP are exploring central bank digital currencies. They must devise digital infrastructure to maximize competition, writes Jeff Alvares.
Fiscal Policy

Do Unequal Places Cost More To Live in?

Yumin Hu, Luca Macedoni and Mingzhi Xu
In recent research, Yumin Hu, Luca Macedoni, and Mingzhi Xu explore how high income inequality can raise the costs of living. They compare grocery products around the U.S., finding that large retailers will increase the prices for their goods in places where income inequality is also high.
Big Tech

Open Source Is Having a Moment in AI Regulation. Here Is What the Data Says

Jérémie Haese and Christian Peukert
Jérémie Haese and Christian Peukert present new empirical findings on core open source technologies for the web and AI. Open source holds promise for making AI systems more transparent and secure, but it risks masking continued centralized control under the guise of openness.
ESG, Corporate Governance & Future of the Firm

How ESG Pay Metrics Change CEO Incentives

Vikas Agarwal, Juan-Pedro Gómez, Kasra Hosseini and Manish Jha
In new research, Vikas Agarwal, Juan-Pedro Gómez, Kasra Hosseini, and Manish Jha explore how companies reward executives for meeting sustainability targets. They evaluate how ESG metrics to determine executive pay create tradeoffs with traditional financial incentives, and what that means for the future of ESG goals.
Money in Politics

How Political Alignment Between Cities and Governors Shapes Municipal Borrowing Costs

Ramona Dagostino and Anya Nakhmurina
In new research, Ramona Dagostino and Anya Nakhmurina discuss how political misalignment between state governors and city leadership can affect how cities access financing, particularly in municipal bond pricing and crisis prevention investment.

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