Revolving Door
Kevin Warsh’s Nomination Solidifies Wall Street’s Grip on the Federal Reserve
If confirmed, Kevin Warsh would be the latest Federal Reserve chair whose career took place primarily on Wall Street rather than in academia. The ascent of Wall Street veterans in the Fed risks skewing monetary policy to favor large investors and the wealthiest, writes Franny Philos Sophia.
For My Enemies, Tariffs; For My Friends, Exemptions
New research from Veljko Fotak, Hye Seung Grace Lee, William Megginson, and Jesus Salas shows that the United States tariff exemption process during the...
New Research Shows the Revolving Door Costs Taxpayers Billions
New research by Logan Emery and Mara Faccio systematically maps the movement of former regulators into the private sector and assesses its impact on...
Should We Pay Regulators According to Their Performance?
Should we pay regulators according to their performance? In a new paper, Jason Chen, Jakub Hajda, and Joseph Kalmenovitz show that a pay-for-performance system has a surprising effect: it increases regulatory effort but also motivates regulators, especially the productive ones, to quit and join the private sector.
Closing the Revolving Door Comes With Trade-offs
How prolific is the revolving door issue at the federal level? In a new paper, Joseph Kalmenovitz, Siddharth Vij, and Kairong Xiao analyze the prevalence of revolving door behavior in the United States government and discuss the impacts of limiting private sector job prospects for regulators.
Should We Regulate the Revolving Door of Regulators?
Is the revolving door of top regulators one of the reasons for a lack of good regulation? Based on her recent research, Elise Brezis...
How Interest Groups Utilize Reverse Revolving Doors to Influence Legislative Voting
A new study finds that legislators who worked for interest groups before taking office influence the voting behavior of their colleagues when the motion...
Systemic Corruption in America Spans Political Parties
In an interview with ProMarket, Sarah Chayes, author of the book On Corruption in America, discussed corruption in the US and how incoming administration...
The Non-Revolving Door Between the SEC and the Plaintiffs’ Bar
Nowhere does the “revolving door” spin more quickly than at the Securities and Exchange Commission. But, even at the SEC, not all doors spin...
How Do Members of Congress React to the Potential of Lucrative Private Sector Employment?
Many fear that the potential for well-paid post-elective jobs can make legislators give rewards to their future employers. A new study finds that career...
