Political uncertainty
Presidential Control of Independent Agencies Has a Price
The Supreme Court's decision in Trump v. Slaughter strips independent agencies of removal protections that made regulatory policy predictable across administrations. In new research, Brian Feinstein and Daniel Hemel find that equity markets assign real value to precisely that kind of insulation.
How Does Political Uncertainty Affect the Valuation of Long-Term Property Rights? Lessons From Hong Kong
A new paper studies the link between ongoing political uncertainty and long-term property rights in Hong Kong. It finds that properties subject to political...
