The Green Economy

Fiscal Policy

Are Sovereign Green Bonds Anything More than a Fad?

It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently...

Research

Policies To Reduce GHG Emissions Should Look to Agricultural Carbon Markets

Oranuch Wongpiyabovorn, Alejandro Plastina, John Crespi

As governments and companies look for ways to reduce greenhouse gas emissions, agricultural sequestration offers one promising method to combat climate change....

Commentary

Enrolling Capitalism in the Fight Against Climate Change

Alessio Terzi

Environmentally conscious critics of contemporary capitalism often highlight the system’s permissiveness toward egregious pollutant activities, typically enjoyed by the ultra-wealthy. Using private...

Research

Investors Are Failing To Take into Account the Green Transition

Shaojun Zhang

A stock market that has priced in the transition risk away from greenhouse gasses would see higher future returns, the so-called carbon...

Industrial Policy

The Case for Green Industrial Policy

John Van Reenen

Industrial policy was once so out of fashion that it was jokingly called “the policy that shall not be named.” Now it’s...

Democracy

Climate Change Is Shifting Voter Behavior in Low-Income Countries

Amrit Amirapu, Irma Clots-Figueras, Juan Pablo Rud

Farmers in low-income countries have multiple channels through which they respond to climate change. Some switch to growing more heat-resilient crops or...

News

Capitalism Does Not Require a Tradeoff Between Planet and Profit

Alessio Terzi

Critics of capitalism claim that the economic system incorrigibly encourages the exploitation of the planet and is thus incompatible with efforts to...

Latest news

Antitrust and Competition

Startup Acquisitions Have Undecided Effects on Innovation and Economic Growth

Christian Fons-Rosen, Pau Roldan-Blanco, Tom Schmitz

Startups are a major driver of innovation, but many startups are acquired by large incumbents. Do these acquisitions stifle innovation or promote...

ESG & Corporate Governance

History Shows that Voluntary ESG Standards Lead to a More Focused ESG Disclosure

Ethan Rouen, Kunal Sachdeva, Aaron Yoon

In recent years, ESG reports have become more common for publicly traded companies. However, critics have found the information they provide to...

Regulation

Letters that Matter: How Interest Groups Shape Financial Legislation

Renée Adams, Thomas Mosk

Members of Congress are inundated with an avalanche of correspondence on a daily basis. But what persuades them to heed the call?...

Labor

Are There Really Gender Pay Differences in the CEO Labor Market?

Massimiliano Tani, Keiran Sharpe, Andrew Valentine

The gender pay gap is a well-documented phenomenon in global labor markets, but this gap does not seem to apply to the...

Monetary Policy

How Many Banks Are at Risk of Insolvency Right Now?

Amit Seru, Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski

Given the recent banking turmoil and failure of SVB and Signature and issues in First Republic, it is important to understand the...

Misinformation

The Challenges of Regulating Disinformation

Federico Vaccari

In response to rising concerns about political disinformation, governments have introduced a slew of interventions. Federico Vaccari warns in new research that...

Development

India’s Evolving Industrial Policy Is Critical for Realizing Its Development Vision

Nagesh Kumar