Suppose you wanted to construct a new index to track the US stock market. What would you use as a model? The Dow Jones Industrial Average might be an option, but it’s hardly representative of the ...

One observation is that the ease of bank transfers appears to have changed how the Fed’s monetary policy is absorbed in the market, suggests research by the Ohio State University’s Isil Erel, ...

Manufacturers, for the most part, don’t run their operations at full capacity. Machines sit idle. Processes are slowed. Macroeconomists have long studied the effects of these costly choices, asking, ...

Talk to almost anyone about the forces at work behind Western politics’ contemporary upheaval, and it will not take long for your conversation to reach the discontents of the working class. In the ...

To understand the importance of reliable data to economic policymaking, think about driving without an accurate speedometer. Knowing when to press on the brakes and when to push down on the ...

Back in 2020, New York Times reporter Kashmir Hill wrote about an experiment she conducted for the news site Gizmodo the year before to see how hard it would be to disconnect from Big Tech—Amazon, ...

Accounting for the costs of climate change is an increasing focus globally. In 2024, the United States alone had 27 “confirmed weather/climate disaster events with losses exceeding $1 billion each,” ...

(lively music) Narrator: We’re in the era of generative AI.While many workers are rushing to use AI tools to schedule their work week, rewrite emails, and edit their cover letters, a significant ...

It is our hope that when you come to campus that you’ll use this as an opportunity to see what makes Booth unique and to help determine whether Booth is the right fit for you. Here’s what you can ...

Knowledge may be power, but information can also be overwhelming. Decision-makers often have access to so much potentially relevant data that they must choose what to ignore. Economists call this ...

Financial crises of a sort that may normally hit financial markets once a century struck twice in the past two decades. First there was the 2008–09 financial crisis, then the COVID-19 pandemic. In ...

Why are some countries rich and others poor? It’s among the most important questions in economics—in all the social sciences—and one at the heart of the work for which MIT’s Daron Acemoglu and Simon ...