In the News 2019

Why Smart-Beta ETFs Protect Investors

May 16, 2019 | U.S. News

Smart beta, also called factor investing, is rooted in academic research from Eugene Fama, a professor at the University of Chicago's Booth School of Business, and Ken French, a finance professor at the Tuck School of Business at Dartmouth College.

Predicting the financial crash

May 15, 2019 | BBC

Among them were South-African born political economist Ann Pettifor and the IMF's chief economist at the time, Raghu Rajan.

Microsoft CEO Satya Nadella shares the 3 essential traits that great leaders like Jeff Bezos, Bill Gates, and Mark Zuckerberg all have in common

May 15, 2019 | Business Insider

Not according to a recent interview given by Nadella at his alma mater, the University of Chicago Booth School of Business (hat tip to Quartz).

Pimco Hires Nobel-Winning Economist Richard Thaler for Advisory Role

May 9, 2019 | Bloomberg/Quint/Yahoo!

Pacific Investment Management Co. added Nobel laureate Richard Thaler as a senior adviser on retirement and behavioral economics.

Why capitalism needs populism for a proper rebalancing

May 7, 2019 | Irish Examiner

Op ed by Raghuram Rajan: Throughout the country’s history, it has been capitalism’s critics who ensured its proper functioning, by fighting against the concentration of economic power and the political influence it confers.

Addicted to Junk Food? New Study Reveals How You Can Win the Fight

May 6, 2019 | Inc.

It can be difficult to curb unhealthy food, but a new study from the University of Chicago, Booth School of Business gives us insight on how we can battle our own junk food addictions.

Why You Need a Network of Low-Stakes, Casual Friendships

May 6, 2019 | The New York Times/MSN

Settings like a bar or a company party encourage mingling with people who may be on the outskirts of our social circles, said Nicholas Epley, a professor of behavioral science at the University of Chicago Booth School of Business.

Trump Call for One Point Rate Cut Is 'Bonkersville,' Economist Goolsbee Says

May 3, 2019 | Bloomberg

Austan Goolsbee, professor of economics at the University of Chicago Booth School and former chairman of the Council of Economic Advisers, discusses the U.S. jobs report with Bloomberg's David Westin on "Balance of Power."

U.S. Worker Productivity Advances at Best Rate Since 2010

May 2, 2019 | The Wall Street Journal

Chad Syverson, a University of Chicago economist who studies productivity, said it isn’t likely that tax cuts, or any single event, would spark a productivity breakout.

Everything You Need To Know About Food Deserts

April 29, 2019 | redbook/Yahoo!

A 2018 Chicago Booth study found that giving people in low-income households the same products and prices as people in high-income households reduced nutritional inequality by only 9%.

The U.S. Doesn't Need More Superstar Companies

April 28, 2019 | Bloomberg/Business Live

A recent paper by Chad Syverson of the University of Chicago Booth School of Business argues that it’s still possible that the rise in mark-ups is an illusion — the result of mis-measurement by economists.

Should Social Security Start Selling Annuities?

April 27, 2019 | FOX

University of Chicago professor Richard Thaler recently suggested an idea that would allow ordinary retirement savers to use a portion of their contributions to 401(k)s or similar plans to generate a larger stream of monthly payments after the end of their careers.

How to save capitalism

April 27, 2019 | FOX

Capitalism is in trouble and not just from the threat of socialism that’s gaining traction in American political circles, according to University of Chicago economist Raghuram Rajan.

Why investors are careful buyers but careless sellers

April 27, 2019 | The Economist

That is the central finding of “Selling Fast and Buying Slow”, published late last year by a trio of academics—Klakow Akepanidtaworn of the University of Chicago’s Booth School of Business, Alex Imas of Carnegie Mellon University and Lawrence Schmidt of the Massachusetts Institute of Technology—together with Rick Di Mascio of Inalytics, a data firm.

Women Did Everything Right. Then Work Got ‘Greedy.’

April 26, 2019 | The New York Times

In 1980, only half of women working in the 10 highest-paying occupations were married, and only a third had a child, found research by Marianne Bertrand, an economist at the University of Chicago Booth School of Business.

Uber and Lyft drivers plan 24-hour strike to protest pay

April 26, 2019 | CBS/MSN

One of those researchers, John Barrios, an accounting professor at the University of Chicago's Booth School of Business, said it's not clear that working as a driver for either company full-time is sustainable, given Lyft and Uber are competing on price.

Former CEA chair Austan Goolsbee talks GDP, trade deal

April 26, 2019 | CNBC/Yahoo!

Former Council of Economic Advisers chair and University of Chicago professor Austan Goolsbee dissects the latest GDP numbers on CNBC's "Closing Bell."

GDP Data Illustrate Both the Good and Bad of Trump's Trade Wars

April 26, 2019 | Bloomberg/Yahoo!

Steven Davis, who studies the economics of uncertainty at the University of Chicago’s Booth School of Business and works with the Atlanta Fed on its survey, says those aren’t big numbers in the $21 trillion U.S. economy.

Why a citizenship question on the census matters to all Americans

April 24, 2019 | MSNBC

Former Chairman of the Council of Economic Advisers Austan Goolsbee and MSNBC Legal Analyst Maya Wiley join Stephanie Ruhle and Ali Velshi to discuss why this decision matters in all realms of American life – from civil rights to your bank accounts.

Nobel laureate Richard Thaler thinks you should be able to use your 401(k) to get a bigger Social Security check. Other experts aren’t so sure.

April 23, 2019 | CNBC

Nobel laureate Richard Thaler has put forward a new idea to allow individuals to use their 401(k) savings to increase their Social Security benefits.

This simple trick could make teenagers 'shun junk food', scientists claim

April 23, 2019 | The Daily Mirror

Christopher Bryan, an author of the study, said: "Food marketing is deliberately designed to create positive emotional associations with junk food, to connect it with feelings of happiness and fun.

The Impeachment Quandary

April 23, 2019 | The New York Times

And that same approach has worked against politicians similar to Trump in other countries, as Luigi Zingales of the University of Chicago has pointed out.

Schools Helping Homeless Families; A Conversation With NPR’s Scott Simon; How Bad Are White Lies?

April 22, 2019 | Illinois Public Media

Well except for those little white lies. Those are pretty harmless, right? Well, Emma Levine isn’t so sure.

Teenagers’ desire to rebel could help them eat less junk food – study

April 22, 2019 | Press Association UK/Yahoo!/ITV

Christopher Bryan, from the university, said: “Food marketing is deliberately designed to create positive emotional associations with junk food, to connect it with feelings of happiness and fun.

Exposing teenagers to the truth of ’emotional’ fast food marketing changes their habits, study finds

April 22, 2019 | i News

The study, from researchers at Chicago Booth University and published in the journal Nature Human Behaviour, saw students given an “expose-style article” suggesting fast-food companies were trying to “hook consumers on addictive junk food for financial gain”.

Game of Thrones: Managing a merger as the zombies close in

April 21, 2019 | Associated Press/Yahoo!

Overall, University of Chicago economist Steve Kaplan rejects the widely held view that most mergers fail.

A Nobel Laureate’s Fix for the Retirement Crisis

April 19, 2019 | Barron's

Nobel laureate Richard Thaler says drawing down retirement assets is even harder than saving them, partly because of uncertainty about a retiree’s lifespan.

The left should resist the siren song of ‘modern monetary theory’

April 19, 2019 | The Washington Post

In a recent poll of about 50 elite economists by the University of Chicago Booth School of Business, not a single one agreed with a central MMT claim: “Countries that borrow in their own currency can finance as much real government spending as they want by creating money.”

People Underestimate How Fun It Is to Do the Same Thing Twice

April 18, 2019 | The Atlantic

Repeating something, it turns out, “may turn out to be less dull than people think,” writes Ed O’Brien, the author of the study and a behavioral-science professor at the University of Chicago’s Booth School of Business.

Apollo Draws Fury From Small-Time Investors Who Lost Everything

April 18, 2019 | Bloomberg

“In a business where people are tough negotiators, they have a reputation for being the toughest,’’ said Steven Kaplan, a professor at the University of Chicago’s Booth School of Business.

Protectionism doesn’t really help preserve jobs: Raghuram Rajan

April 17, 2019 | PTI/Indian Express/Economic Times

Delivering the keynote address at the 2019 ECOSOC Forum on Financing for Development at the UN Headquarters on Monday, Raghuram Rajan said the open liberal democratic market system that brought the world enormous prosperity in the six decades or so after the Second World War is now under attack.

Go ahead, watch that movie again – research shows you’ll enjoy it more than you think

April 13, 2019 | The Washington Post

New research from Ed O’Brien at the University of Chicago suggests that adults could stand to learn from the toddlers in their lives.

How a Hitless Chris Davis Is Like a $15 Dessert

April 10, 2019 | The New York Times

Considering the amount of money the team has committed to Davis, his situation might be less suited for a manager like Hyde than it is for someone like Richard Thaler, the Nobel Prize-winning economist at the University of Chicago’s Booth School of Business.

Lawmakers want to ban ‘dark patterns,’ the Web designs tech companies use to manipulate you

April 9, 2019 | The Washington Post

More than a decade ago, University of Chicago economist Richard Thaler and Harvard University law professor Cass Sunstein helped shed light on the psychological aspects of decision-making with their 2008 book “Nudge.”

Economist Rajan, who predicted financial crisis, warns against poking the Fed

April 8, 2019 | Bloomberg

Former Reserve Bank of India governor Raghuram Rajan, India’s former central bank governor, warned that U.S. President Donald Trump’s attempts to influence the Federal Reserve could have “devastating” effects for the economy and monetary policy.

Critics say Yang's cash giveaway means people won't work. Alaska says otherwise.

April 8, 2019 | NBC

Ioana Marinescu, a professor at the University of Pennsylvania's Wharton School of Business, and Damon Jones, a professor at the University of Chicago Booth School of Business, studied the effects of the fund on the Alaskan labor market by comparing trends in the state with similar states like Wyoming and Utah.

Modern Monetary Theory Finds an Embrace in an Unexpected Place: Wall Street

April 5, 2019 | The New York Times

And in academia, when the University of Chicago’s Booth School of Business asked top scholars about a couple of its claims, they split between the 28 percent who disagreed and the 72 percent who strongly disagreed.

Herman Cain, Trump’s next pick for the Fed, embraces the stupidest idea in economic policy

April 5, 2019 | Los Angeles Times

“Love of the [gold standard] implies macroeconomic illiteracy,” Chicago economist Anil Kashyap added in a side comment.

Former CEA chair Austan Goolsbee weighs in on Ray Dalio's comments about capitalism

April 5, 2019 | CNBC/Yahoo!

Austan Goolsbee, former Council of Economic Advisors Chairman and University of Chicago Booth Business School professor, joins "Squawk Box" to discuss hedge fund billionaire Ray Dalio's comments on capitalism.

Zingales Says More Sense for UniCredit to Buy Commerzbank

April 5, 2019 | Bloomberg

University of Chicago Booth School Finance Professor Luigi Zingales discusses the prospects for a possible rival bid by UniCredit SpA for Commerzbank AG in case talks to merge the German lender with Deutsche Bank AG collapse.

Italy’s Elite Laments Dismal Outlook Under Populist Coalition

April 5, 2019 | Bloomberg

“If we don’t return to a serious path of growth, we’re not going to get our way out of debt,” Luigi Zingales, finance professor at University of Chicago Booth School of Business, said in an interview at the event at Lake Como.

Zingales Says More Sense for UniCredit to Buy Commerzbank

April 5, 2019 | Bloomberg

University of Chicago Booth School Finance Professor Luigi Zingales discusses the prospects for a possible rival bid by UniCredit SpA for Commerzbank AG in case talks to merge the German lender with Deutsche Bank AG collapse.

Trump’s Fed Picks Have Fond Memories of the Gold Standard

April 5, 2019 | Bloomberg

In 2012, a survey of leading economists by the University of Chicago Booth School of Management found that 34 percent disagreed with a gold standard and 66 percent disagreed strongly. Read more at: https://w

Does a Thank You Note Really Matter?

April 3, 2019 | Marie Claire/MSN

According to the recent study “Undervaluing Gratitude,” by researchers at the Booth School of Business at the University of Chicago, we systematically underestimate the positive impact of expressing gratitude and overestimate how awkward an expression of gratitude might make someone else feel.

Can the U.S. Afford Democrats’ Bold Promises? Why One Economist Says Yes

March 31, 2019 | The Wall Street Journal

In a survey by the University of Chicago’s Booth School of Business of 38 mainstream academic economists, 88% disagreed or strongly disagreed that countries that borrow in their own currency don’t need to worry about deficits.

The 2019 IPO Frenzy Is Different From 1999. Really.

March 30, 2019 | The Wall Street Journal

“Tech businesses generally have big fixed costs, and the more revenue you can stretch across those costs, the more drops to your bottom line,” says Steven Kaplan, a professor at the University of Chicago’s Booth School of Business.

The Mystery Of Dividend Preference And The 'Spend Dividends Only' Strategy

March 28, 2019 | Forbes

One of those researchers is Samuel Hartzmark, an Associate Professor of Finance at the University of Chicago's Booth School of Business.

How your company may be hurting your retirement savings

March 25, 2019 | MarketWatch

Richard Thaler, a professor of behavioral science and economics at the University of Chicago Booth School of Business, won the Nobel Prize in economics last year for his research on automatic enrollment, and his fellow researcher Shlomo Benartzi said the concept has helped employees save almost $30 billion in the last decade.

This is how to succeed as an introverted leader

March 22, 2019 | Fast Company

A recent study by researchers at Harvard, Stanford, and the University of Chicago looked at 4,591 CEOs.

The Dilemma Facing a $358 Billion Investing Giant

March 22, 2019 | The Wall Street Journal

“Now, when everyone else is doing it and with [the prices of buyout deals] higher, expected returns look just okay,” says Steven Kaplan, a finance professor at the University of Chicago Booth School of Business.

Real Time Economics: Did the U.S. Economy Really Grow 3% Last Year?

March 22, 2019 | The Wall Street Journal

Chicago Booth's IGM forum polled economists about Modern Monetary Theory—the idea that a country that is able to borrow in its own currency need not worry about government deficits and debt.

Kroszner: Impact of Trade Disputes Greater on Chinese Economy Overall

March 20, 2019 | Bloomberg

Randy Kroszner, deputy dean for executive programs at Chicago Booth School and former governor of the Federal Reserve, discusses the U.S.-China trade negotiations, how they’re impacting the economies, his views on Fed policy, how it may impact markets and how the Fed will move next.

Inequality Is Holding Economies Back. Education Could Be One Solution

March 20, 2019 | Bloomberg

The country’s preferential network goes beyond alma mater, suggests economist Seth Zimmerman at University of Chicago Booth School of Business, to favor men who went to pricey private schools.

Startups Lose in a Low-Rate World, and the Fed Is Blaming Itself

March 19, 2019 | Bloomberg/Quint

Usually, theory would suggest that a low-rate environment should be good for firms overall -- making it cheaper for them to borrow and grow -- but that doesn’t account for market structure and competition, according to a recent and related working paper by Princeton University’s Ernest Liu and Atif Mian as well as the University of Chicago Booth School of Business’ Amir Sufi.

Here’s How the Quants Might Pick NCAA Basketball Winners

March 19, 2019 | Bloomberg/Quint

Led by the University of Chicago’s Eugene Fama, known as the “the father of efficient markets,” academics assembled overwhelming evidence in support of the efficient market hypothesis, or EMH.

Nobel Prize winner Richard Thaler says China should use ‘nudge theory’ to improve the lives of citizens

March 19, 2019 | South China Morning Post

More carrot and less stick would help China achieve better results from government policies and services to improve the lives of its citizens, according to Nobel Prize-winning economist Richard Thaler.

Women in Economics Report Rampant Sexual Assault and Bias

March 18, 2019 | The New York Times

But Marianne Bertrand, a University of Chicago economist who oversaw the survey as the head of a special committee on the professional climate in economics, called the results distressing.

Female economists report widespread discrimination and sexual assault, prompting calls for major change

March 18, 2019 | The Washington Post

“I don’t want to see numbers this high,” said Marianne Bertrand, an economics professor at the University of Chicago Booth School of Business and chair of AEA’s Committee on Equity, Diversity and Professional Conduct.

Fed Stays on Hold With Clouds on the Horizon, Zingales Says

March 18, 2019 | Bloomberg/MSN

University of Chicago Booth School Finance Professor Luigi Zingales discusses the factors that he believes will keep the Federal Reserve on hold at its upcoming meeting.

US higher education crisis: lessons from the Chicago schools

March 17, 2019 | Financial Times

“If you make something free, you massively boost demand without improving supply,” says Austan Goolsbee, a professor of economics at University of Chicago.

Investing in China: All Bets Are Off

March 16, 2019 | Fortune/Yahoo!

An analysis by Chang-Tai Hsieh of the University of Chicago and three co-authors from the Chinese University of Hong Kong made headlines earlier this month with its finding that China’s industrial output has been consistently exaggerated.

Sharing a plate of food leads to more successful negotiations

March 14, 2019 | The Economist

As Kaitlin Woolley of Cornell University and Ayelet Fishbach of the University of Chicago report in Psychological Science, a meal taken “family-style” from a central platter can greatly improve the outcome of subsequent negotiations.

Warren's Tech Assault Propels Fringe Antitrust View to Spotlight

March 14, 2019 | Business Insider

"Elizabeth Warren’s proposal is very radical because it’s front-running the intellectual debate rather than codifying what the intellectual debate has produced," said Luigi Zingales, director of the Stigler Center at the University of Chicago.

A new survey shows that zero top US economists agreed with the basic principles of an economic theory supported by Alexandria Ocasio-Cortez

March 14, 2019 | Business Insider

In the latest survey of 42 of America's top economists by the University of Chicago Booth School of Business, not a single respondent agreed with the basic aspects of MMT.

The Bank of Japan's Never-Ending Crisis Is a Lessons to the World's Central Banks

March 13, 2019 | Bloomberg/Japan Times

“When Japan first confronted the problem of very low inflation, monetary economists pooh-poohed the problem, saying there was an easy fix,” said Raghuram Rajan, former governor of the Reserve Bank of India and now a professor at the University of Chicago.

Rajan Says College Admissions Scandal Is a `Blow to the System'

March 13, 2019 | Bloomberg

Former Reserve Bank of India Governor Raghuram Rajan, a professor at the University of Chicago Booth School of Business, discusses the U.S. college admissions scandal.

Find MBAs That Lead to Employment, High Salaries

March 13, 2019 | U.S. News & World Report

The University of Pennsylvania’s Wharton School and the University of Chicago's Booth School of Business share the distinction of being top MBA programs where recent grads are paid high salary and bonus packages and have high job placement rates.

Political pressures risk undermining central banks - Rajan

March 12, 2019 | Reuters

Rising political pressures on central banks around the world undermines effective monetary management by risking kneejerk policies rather than pre-emptive decision making, former Reserve Bank of India chief Raghuram Rajan said on Tuesday.

Raghuram Rajan says capitalism is 'under serious threat'

March 12, 2019 | BBC

Former Indian central bank governor Raghuram Rajan has warned capitalism is "under serious threat" as it has stopped providing for the masses.

U.S. News Announces 2020 Best Graduate Schools

March 12, 2019 | U.S. News

Harvard University – the previous No. 1 full-time MBA program for three years running – ties at No. 3 along with University of Chicago's Booth School of Business and Massachusetts Institute of Technology's Sloan School of Management.

A bizarre series of events has caused havoc for recent economic data and a headache for forecasters

March 9, 2019 | Business Insider

"If we had 3 months in a row like this, everyone would conclude it just meant that people are terrible at predicting the start of a recession," Austan Goolsbee, who was chairman of the Council of Economic Advisers in the Obama administration, said in an email.

China's GDP Growth Pace Was Inflated for Nine Years, Study Finds

March 8, 2019 | Bloomberg/Yahoo!/Investing

The Beijing-based National Bureau of Statistics, knowing such manipulation well, has been adjusting the local numbers but hasn’t done so sufficiently since 2008, authors Wei Chen, Xilu Chen, Chang-Tai Hsieh and Zheng Song wrote.

Inequality In America

March 7, 2019 | NPR

But Raghuram Rajan, an economist at the University of Chicago's Booth School of Business, says it's also made inequality much worse in the U.S.

China ‘exaggerated’ GDP data by 2 percentage points for at least nine years, new study says

March 7, 2019 | South China Morning Post

The paper’s four authors – Chen Wei, Chen Xilu and Michael Song from the Chinese University of Hong Kong and Chang-Tai Hsieh from the University of Chicago – used a mix of economic indicators that are less likely to have been manipulated by authorities to prove that the National Bureau of Statistics (NBS) have not done enough to correct the errors in the data collected from provincial governments over the past decade.

The Third Pillar

March 6, 2019 | C-SPAN

Former IMF chief economist Raghuram Rajan talked about the negative impact of economic globalization on our communities and what should be done reverse the trend.

‘The Third Pillar’ Review: Why Washington Is the Problem

March 6, 2019 | The Wall Street Journal

In his insightful and impressive book “The Third Pillar,” the University of Chicago economist Raghuram Rajan calls for “bringing back the largely self-governing community as the locus of self-determination, identity and cohesiveness.”

Why did the China shock hurt so much?

March 6, 2019 | The Economist

Kerwin Kofi Charles, Erik Hurst and Mariel Schwartz, of the University of Chicago, found that local declines in manufacturing employment in the 1980s were not associated with increases in local unemployment rates.

Crowded out: have markets and states forgotten about people?

March 6, 2019 | Financial Times

Amazon’s controversies would sound familiar enough to Raghuram Rajan.

What if All the World’s Economic Woes Are Part of the Same Problem?

March 5, 2019 | The New York Times/The Indian Express

Mr. Mian, along with his Princeton colleague Ernest Liu and research partner, Amir Sufi at the University of Chicago, tried to figure out if the relationship between low interest rates and business investment might be murkier than textbooks suggested.

It's members' money, not Greg Combet and big super's

March 5, 2019 | Financial Review

As Nobel Laureate and Harvard professor Oliver Hart and the University of Chicago's Luigi Zingales have argued, plenty of shareholders have ethical and social concerns.

How Accountants Break the Bad News About Tax Refunds: With Chocolate and Tissues

March 4, 2019 | The Wall Street Journal

Nicholas Epley, a behavioral science professor at the University of Chicago’s Booth School of Business, says people tend to think of their money in different categories—such as tax refunds and paychecks—even if a gain in one balances a loss in the other.

As Trump Moves to End Trade War With China, Business Asks: Was It Worth It?

March 4, 2019 | The New York Times

A survey from economists at the Federal Reserve Bank of Atlanta, the University of Chicago and Stanford University in January concluded that tariffs reduced business investment in the United States by 1.2 percent — or $32.5 billion — in 2018.

Kroszner on Fed, Interest Rates, U.S. Dollar

March 4, 2019 | Bloomberg

Former Federal Reserve Governor and University of Chicago Economics Professor Randall Kroszner discusses President Trump’s comments about Jay Powell and the strong dollar, interest rates in the U.S. and his outlook for the dollar.

Kroszner: Direct Impact of Tariffs Has Been Very Small

March 4, 2019 | Bloomberg

Randall Kroszner, economics professor at the University of Chicago and former Federal Reserve Governor, discusses the impact of a trade deal on global growth.

Populist Governments Threaten Central Banks’ Independence, Says Raghuram Rajan

March 3, 2019 | Bloomberg | Quint

The professor at University of Chicago Booth School of Business also urged corporations to look beyond creating shareholder value and focus on interests of all stakeholders.

Opinion | In search of better populist policies to lift communities

March 1, 2019 | Livemint

Op-ed by Raghuram Rajan: The postwar economic success of liberal democracies was not simply the result of letting markets flourish.

Don’t Destroy Globalization, Manage It

February 28, 2019 | Bloomberg

Op-ed by Raghuram Rajan: Angry populist nationalist politicians don’t just rally the native-born against minorities and immigrants, but against the ceding of power to international bodies.

The Impact Of Honest Communication During A Layoff

February 28, 2019 | Forbes

Being able to deliver this news in the right way is crucial for both parties, however, and recent research from the University of Chicago Booth School of Business suggests that our fears are mostly overblown.

How to Make Immigration Great Again

February 27, 2019 | Bloomberg | Quint/Yahoo!

An interesting historical study by University of Chicago finance professor Luigi Zingales and others highlights the long-term benefits of decentralizing power back to the community.

Why People Are Outraged at Lower Tax Refunds (but Probably Shouldn’t Be)

February 27, 2019 | The New York Times

“The question that befuddles traditional economists is why people want these refunds,” said Richard Thaler, a Nobel-winning economist at the University of Chicago’s Booth School of Business.

Talking to Your Pets Is a Sign of Intelligence, According to Science

February 27, 2019 | Oprah Magazine

"Historically, anthropomorphizing has been treated as a sign of childishness or stupidity, but it's actually a natural byproduct of the tendency that makes humans uniquely smart on this planet," Dr Nicholas Epley, a professor of behavioral science at the University of Chicago said.

Ex-RBI Governor Rajan Sees Community as Base for Capitalism

February 26, 2019 | Bloomberg

Raghuram Rajan, former Reserve Bank of India Governor and author of "The Third Pillar," discusses the element of community missing from democratic capitalism. He speaks on "Bloomberg Surveillance."

Rajan Urges 'Place-Based' Policies to Spur Local Economic Growth

February 26, 2019 | Bloomberg

In "Single Best Chart," Raghuram Rajan, former Reserve Bank of India Governor and author of "The Third Pillar," examines economic growth and the rebound in U.S. real wages. He speaks with Bloomberg's Tom Keene on "Bloomberg Surveillance."

When investors make mistakes, and they always do, this manager pounces and profits

February 26, 2019 | MarketWatch

Thaler, a professor at the University of Chicago Booth School of Business, was awarded the Nobel Memorial Prize in Economic Sciences in 2017 for his work in behavioral economics.

Tariff Fears Led U.S. Manufacturers to Trim Spending

February 26, 2019 | The Wall Street Journal

In the survey conducted last month, private-sector companies said increased tariffs and trade tensions have led them to reduce capital expenditures by an average of 1.2%, according to the Survey of Business Uncertainty, a joint project of the Atlanta Fed, Stanford University and the University of Chicago’s Booth School of Business.

Rajan Says Bad Populism Is the ‘Road to Serfdom’ for Economies

February 26, 2019 | Bloomberg

(Raghuram) Rajan, who’s now at University of Chicago Booth School of Business, was speaking to Tom Keene and Francine Lacqua on Bloomberg Television about his book on globalization and capitalism.

To Save Capitalism, Save Communities

February 26, 2019 | Bloomberg | Quint

Raghuram Rajan is professor of finance at the University of Chicago Booth School of Business.

Former RBI Governor: Globalization has taken power away from the community

February 25, 2019 | Yahoo!

“What we need is to bring some of those powers back first to the nation, then back to the region, then finally back to the community so that people have a sense of agency,” said (Raghuram) Rajan, now a professor at the Chicago Booth School of Business.

Fed officials not 'complacent' with inflationary pressures

February 22, 2019 | Yahoo!

The paper, from Deutsche Bank’s Peter Hooper, former Fed Governor Frederic Mishkin, and University of Chicago professor Amir Sufi, notes that some parts of the country are already seeing these effects.

Bernanke Killed The World Economy, New Academic Study Confirms

February 23, 2019 | Zero Hedge

The paper,“Low interest rates, market power and productivity growth” by Ernest Liu, Atif Mian and Amir Sufi, examines the behavior of firms in a competitive marketplace as interests decline, and demonstrates that, although lower interest rates at first increase competitiveness through increased investment, they also increase the comparative advantage of large firms, thus after a time discouraging the smaller firms from investing and making the market less competitive.

Fed's Quarles: We'd 'quickly reassess' balance sheet plan if problems came up

February 22, 2019 | CNBC

"The normalization of the balance sheet is not a competing goal," he said at the Chicago Booth U.S. Monetary Policy Forum in New York.

Science: Talking to Your Dog Means You're Smart, Not Crazy

February 22, 2019 | Inc.

"For centuries, our willingness to recognize minds in nonhumans has been seen as a kind of stupidity, a childlike tendency toward anthropomorphism and superstition that educated and clear-thinking adults have outgrown," Nicholas Epley, an author, professor of behavioral science at the University of Chicago, and expert on anthropomorphism (assigning human qualities to non-human things), explains in a long, fascinating Quartz article on the subject.

In hot job market, Fed still frets about low inflation

February 22, 2019 | CNBC

Speaking Friday at a University of Chicago Booth School of Business conference, New York Federal Reserve Bank President John Williams and San Francisco Fed President Mary Daly both said they still believe that tight labor markets do put upward pressure on inflation, and that with unemployment at 4 percent, the Fed must guard against prices surging.

Fed’s ability to anchor inflation to target is at risk — Williams

February 22, 2019 | Financial Times

The authors of the paper, who were Peter Hooper, Frederic Mishkin and Amir Sufi, found reports of the death of the Phillips Curve, which links unemployment and price growth, had been exaggerated.

Economists’ Advice to Fed: Look at Rising Prices and Tight Labor Market

February 22, 2019 | The Wall Street Journal/Morningstar

In the paper, economists Peter Hooper of Deutsche Bank , Frederic Mishkin of Columbia University and Amir Sufi of the University of Chicago, present research revealing the potential for price pressures to pick up, as unemployment falls to very low levels.

Fed's John Williams Warns of Risks of Low Inflation Expectations

February 22, 2019 | Bloomberg | Quint/Yahoo!

Williams’s remarks came in response to a paper presented at the conference by economists Peter Hooper of Deutsche Bank Securities, Frederic Mishkin of Columbia University and the University of Chicago’s Amir Sufi.

Experts fear a 1960s-style rerun of the Fed letting inflation build up

February 22, 2019 | MarketWatch

The paper was written by Peter Hooper, global head of economic research at Deutsche Bank Securities, former Fed Governor Richard Mishkin and Amir Sufi, an economics professor at the University of Chicago Booth School of Business.

A new book argues weakened communities threaten liberal democracy

February 19, 2019 | The Economist

But it is also short-sighted, argues Raghuram Rajan, an economist at the University of Chicago and the former head of India’s central bank.

MBA Early Admission For College Seniors -- Why Apply Now And How To Get In

February 19, 2019 | Forbes

The school joins HBS 2+2, Stanford GSB Deferred Enrollment, Yale Silver Scholars, the Wharton Moelis Advance Access Program, Darden Future Years Scholar Program and the Chicago Booth Scholars Program to offer rising stars a head start on the MBA.

There's A Gap Between Perception And Reality When It Comes To Learning

February 19, 2019 | NPR

This is Ed O'Brien. He's a social psychologist at the University of Chicago. Along with his colleague, Michael Kardas, he studies people's intuitions about what a new experience will feel like.

The Upside of Getting Negative Feedback

February 15, 2019 | Inc.

In 2011, researchers at University of Chicago's Booth School of Business discovered that advanced-level students in a French literature class favored teachers who hammered them with corrective feedback over those who took a gentler approach.

Anger, Confusion Over Dwindling Refunds. Is Trump's Tax Plan To Blame?

February 14, 2019 | NPR

Richard Thaler, who received the 2017 Nobel Prize in Economic Studies, said when the Trump administration passed its tax cut, it also adjusted the withholding tables.

Democrats want to reverse Trump tax cuts, economist says

February 14, 2019 | CNBC

Austan Goolsbee, former Chairman of the Council of Economic Advisors under President Obama and current University of Chicago's Booth School of Business professor, joins "Squawk Box" give his analysis on the various Democratic Party proposals to increase taxes on the wealthiest Americans.

Momentum investing’s bad luck may be about to turn

February 14, 2019 | MarketWatch

That is the conclusion I reached upon analyzing momentum’s performance since 1927 in the U.S. stock market, courtesy of the database maintained by University of Chicago finance professor (and Nobel laureate) Eugene Fama and Dartmouth finance professor Ken French.

Record 7 million Americans are 90 days behind on car loan payments, N.Y. Fed report says

February 13, 2019 | CBS

Economist Austan Goolsbee is a former Obama White House official at the University of Chicago.

Surveillance: Silly Leftism, Silly Rightism With Rose

February 12, 2019 | Bloomberg

Austan Goolsbee, University of Chicago’s Booth School of Business Robert P. Gwinn Professor of Economics, reflects on U.S.-China relations.

If Howard Schultz wins in 2020, would he be a good president?

February 12, 2019 | The Guardian

According to John Paul Rollert, adjunct assistant professor at the University of Chicago Booth School of Business, Schultz has certainly nailed “management 101” given his success at Starbucks.

Regulations for banks, financial services firms need fine-tuning

February 9, 2019 | Gulf News

However, these numerous new rules require some fine-tuning to make them more effective, according to Randall S. Kroszner, deputy dean for Executive Programmes and the Norman R. Bobins Professor of Economics at University of Chicago Booth School of Business.

10 years after global recession: Is another meltdown imminent?

February 9, 2019 | Gulf News

Ten years from the global financial crisis, the global financial system is in much better shape and there are no imminent signs of a crisis of global nature on the horizon, according to Randall S. Kroszner, deputy dean for executive programmes and Norman R. Bobins Professor of Economics at the University of Chicago Booth School of Business.

Emerging economies need to exercise caution

February 9, 2019 | Gulf News

However, like any other central bank in the world that are created by their own respective legislatures, the Fed to is mandated to focus on the US economic interests,” Randall S. Kroszner, deputy dean for executive programmes and Norman R. Bobins Professor of Economics at University of Chicago Booth School of Business, told Gulf News in an interview.

The Top 50 Executive MBA Programs In The U.S.

February 8, 2019 | Forbes

Chicago’s number one rank is no accident. The school invented the Executive MBA format in 1943.

Advocating for repeal of unpopular tax law does not make you a socialist

February 6, 2019 | CNBC

Austan Goolsbee, former chairman of the Council of Economic Advisors under President Obama, and Romina Boccia, fiscal and economic policy analyst from the Heritage Foundation, discuss the merits of Trump’s fears of socialism.

This Economist Predicted the Last Crisis. What’s the Next One?

February 6, 2019 | Freakonomics

In 2005, Raghuram Rajan said the financial system was at risk “of a catastrophic meltdown.”

What's Got U.S. Inflation So Depressed? Just Asking for the Fed

February 5, 2019 | Bloomberg

Low interest rates may be driving market concentration, Princeton University’s Atif Mian and Ernest Liu and the University of Chicago’s Amir Sufi argue in this working paper.

An A- for the U.S. Economy, but Failing Grades for Trump’s Policies

February 4, 2019 | The New York Times

To provide a nonpartisan appraisal, I’ve reviewed surveys of about 50 leading economists — liberals and conservatives — run by the University of Chicago.

Negative Rates Would Have Sped Up Economic Recovery, Fed Paper Says

February 4, 2019 | The Wall Street Journal/Morningstar

Greater domination or outright monopolies have lowered productivity rates and made the economy less dynamic, the paper by Ernest Liu and Atif Mian of Princeton University and Amir Sufi of the University of Chicago Booth School of Business, said.

How Low Interest Rates Can Freeze the Economy

February 4, 2019 | The Wall Street Journal

Over the past two decades or so that phenomenon has been playing out across industries, making the overall economy less dynamic, according to new research by economists Ernest Liu and Atif Mian of Princeton University, and Amir Sufi of the University of Chicago’s Booth School of Business.

Former Fed Governor Kroszner Says Makes Sense to Take a Pause Now

February 4, 2019 | Bloomberg

Randall Kroszner, professor of economics at Chicago Booth School of Business and a former Federal Reserve governor, talks about the central bank's policy and Treasuries. He speaks with Yousef Gamal El-Din and Manus Cranny on "Bloomberg Daybreak: Middle East."

PolitiFact Florida: Is health care the top reason for bankruptcies, as a Florida GOP leader said?

February 4, 2019 | Tampa Bay Times

Neale Mahoney, a University of Chicago economics professor, said that the research by Warren and her co-authors overstates the share of bankruptcies caused by health shocks.

Want to Invest in a True ‘Value’ Fund? Good Luck Finding One

February 3, 2019 | The Wall Street Journal

Groundbreaking research by University of Chicago finance professor (and Nobel laureate) Eugene Fama and Dartmouth professor Ken French found that such stocks over the long term have significantly outperformed so-called growth stocks—those with the highest such ratios.

Watch 5 experts weigh in on the January jobs report

February 1, 2019 | CNBC

Jeff Rosenberg of Blackrock, Victoria Fernandez of Crossmark Global Investments, Austan Goolsbee from the University of Chicago and David McIntosh from the Club for Growth join "Squawk Box" with their immediate reactions to the January jobs report.

Surveillance: Fed and Downside Risks With Kroszner

January 30, 2019 | Bloomberg

Randy Kroszner, University of Chicago Professor & Former Fed Governor, discusses whether the tight labor market could lead to inflation.

Fmr. Bush Speechwriter: "Trump is a fraud"

January 29, 2018 | MSNBC

Fmr. Obama Economic Advisor Austan Goolsbee and Washington Post Conservative Opinion writer Jennifer Rubin join Lawrence.

The Uses of an Aristocracy

January 29, 2019 | The National Review

A recent study by finance professors Steven Neil Kaplan of the University of Chicago and Joshua Rauh of Stanford found that fewer of those who made it on to the Forbes 400 list in recent years grew up wealthy than in previous decades, falling from 60 percent in 1982 to just 32 percent today.

New Research Says Saying These 4 Words in Your Next Interview Will Help You Land the Job

January 29, 2018 | Inc.

A new study by Kaitlin Wooley (Cornell University) and Ayelet Fishbach (University of Chicago) showed that job candidates frequently underestimate how much recruiters want to hear them say four magic words.

Higher taxes are in our future, says expert

January 28, 2018 | CNBC

Austan Goolsbee, former Council of Economic Advisers chairman, and James Pethokoukis, American Enterprise Institute fellow, takes a look at the impact of the government shutdown, the deficit, and former Starbucks CEO Howard Schultz presidential prospects.

Discussing the independence of central banks

January 28, 2019 | CNBC

Randy Kroszner of the University of Chicago Booth School of Business says the U.S. Fed is better able to withstand such comments, compared to other institutions like the Reserve Bank of India.

Richard H. Thaler | The Interview Show

January 27, 2019 | WTTW/American Public Television

Host Mark Bazer interviews Richard H. Thaler, 2017 Nobel Prize winning economist and co-author, "Nudge."

Long-term issues unlikely to be resolved in US-China trade talks: Academic

January 27, 2019 | CNBC/Yahoo!

The Trump administration has moved from upholding the rules of international trade, says Steven Davis, professor of international business and economics at Chicago Booth.

Six Driving Forces of Change That Will Shape 2019 and Beyond

January 25, 2019 | Forbes

This is according to tracking data from the University of Chicago's Booth School of Business and Stanford University.

Ex-RBI Governor Rajan Says U.S-China Dispute Far Bigger Than Trade

January 25, 2019 | Bloomberg

Former Reserve Bank of India Governor Raghuram Rajan discusses the U.S.-China trade dispute, Federal Reserve policy, global economic risks, and the state of India's economy.

Economists not very good at forecasting turning points, academic says

January 25, 2019 | CNBC

Randy Kroszner, deputy dean and professor of economics at University of Chicago Booth School of Business, discusses fears of a slowdown in the global economy.

Richest in U.S. Have a Few Tricks to Avoid Democrats' Tax Plans

January 25, 2019 | Bloomberg

“The lesson is that the details are going to matter a lot,” said Eric Zwick, an associate professor at the University of Chicago Booth School of Business, who co-authored the study with three other economists, including the Treasury Department’s Matthew Smith.

House prices and dynamism, fiscal spillovers, and more

January 24, 2019 | Brookings

Stephen Davis of the University of Chicago and John Haltiwanger of the University of Maryland pin this on housing markets because new businesses often rely on housing wealth for financing.

Corporate Chiefs Look Past Economic Risks and Pin Hopes on Trump for Trade Deal

January 23, 2019 | The New York Times

The shutdown and the trade war have helped to raise economic policy uncertainty in the United States and around the world, according to indexes compiled by the economists Steven J. Davis of the University of Chicago’s Booth School of Business, Nick Bloom of Stanford University and Scott Ross Baker of Northwestern University’s Kellogg School of Management.

Continued Growth In Private Markets Creates Broader Investment Opportunities

January 23, 2019 | Forbes

Since the mid-1990s, the number of companies making up the stock market has declined by over half, from 8,000 to 3,627 in 2016, according to data from the Center for Research in Security Prices at the University of Chicago Booth School of Business, as reported in The New York Times.

The tax cut investment 'boom' is already over. Some say it never really started

January 23, 2019 | CNN

"There hasn't been a huge surge in response to tax reform," said Eric Zwick, a professor at the University of Chicago Booth School of Business who studies the interaction between public policy and corporate behavior.

Geopolitics: MBAs evolve to help students navigate global chaos

January 22, 2019 | Financial Times

For example, Luigi Zingales, director of the Stigler Center at the University of Chicago Booth School of Business, believes the notion of “political risk”, a staple of business courses for years, is no longer adequate.

The world’s best MBA programmes

January 22, 2019 | The Economist

The University of Chicago’s Booth School of Business regains first place from neighbouring Northwestern’s Kellogg School of Management.

The Shutdown Shows the Weakness of the Resistance

January 21, 2019 | The New York Times/WRAL/MSN

If this were happening in Europe, as Luigi Zingales of the University of Chicago told me, people would be pouring into the streets.

1 Powerful Way to Boost Your Creativity.

January 20, 2019 | Medium

Ron Burt, Professor of Sociology and Strategy at the University of Chicago Booth School of Business conducted several studies to understand the commonalities between extraordinary innovators in multiple disciplines.

Top B-Schools All Report Applicant Declines

January 18, 2019 | Inside Higher Ed

The drops ranged from 2.6 percent at Columbia University to 8.2 percent at the University of Chicago.

Massive new study traces how corporations use charitable donations to tilt regulations in their favor

January 17, 2019 | The Washington Post

While it’s tempting to write off the incident as a one-time blunder — heavy-handed corporate lobbying gone amok — new research from Marianne Bertrand at the University of Chicago and others finds that’s not the case.

The U.S. Is a Meritocracy. That Doesn’t Mean It’s Fair.

January 15, 2019 | Bloomberg

In the new paper, “Capitalists in the Twenty-First Century,” Matthew Smith of the U.S. Treasury Department’s Office of Tax Analysis, Danny Yagan of the University of California at Berkeley, Owen Zidar of Princeton Univesity and Eric Zwick of the University of Chicago take issue with the conclusions of Piketty et al.

On Zingales' crony capitalists

January 11, 2019 | Forbes India

The other day at the IIM Bangalore, we had an interesting lecture by Professor Luigi Zingales of the University of Chicago Booth School of Business on ‘Crony Capitalism’.

New Research Says Saying These 4 Words in Your Next Interview Will Help You Land the Job

January 9, 2019 | Inc.

A new study by Kaitlin Wooley (Cornell University) and Ayelet Fishbach (University of Chicago) showed that job candidates frequently underestimate how much recruiters want to hear them say four magic words.

School Lunch Guidelines; College Applications & ‘Ban The Box’; White Lies Research

January 8, 2019 | NPR

We learn more from Emma Levine, assistant professor of behavioral science at University of Chicago’s Booth School of Business.

5 game-changing papers from this year's largest gathering of economists

January 8, 2019 | Yahoo!

Paper: How Can Economics Solve Its Gender Problem?/Author(s): Janet Yellen (former Fed Chair), Susan Athey (Stanford), Sebnem Kalemli-Özcan (University of Maryland), Marianne Bertrand (University of Chicago)

Team Trump should be careful what it wishes for on China

January 7, 2019 | The Washington Post

For context, that happened only seven times before, total, over the previous 118 years , according to University of Chicago professor Steven J. Davis.

World Bank President Search to Test Trump’s ‘America First’ Mantra

January 7, 2019 | Bloomberg

“If these institutions are to be made more appealing to the rest of the world, the lock hold that the United States and Europe have on both the president of the World Bank and managing director of the IMF has to end,” said Raghuram Rajan, former governor of the Reserve Bank of India and now a finance professor at the University of Chicago.

New research finds that this family habit can help you negotiate more effectively

January 7, 2019 | NBC

New research from the University of Chicago Booth School of Business found that our eating style has an influence on cooperation, and that “family-style” dining, in which diners divvy up portions from shared dishes, promotes better collaboration and faster-deal making.

What Are The Pitfalls Of Outsourcing Self-Awareness To AI? What Leaders Need To Know.

January 6, 2019 | Forbes

All of this draws on Nudge Theory, a concept catapulted into the mainstream by Richard Thaler, the University of Chicago Behavioral Science and Economics professor who won the 2017 Nobel Prize in Economics for his work on the subject.

Why eating at a Chinese restaurant can help you negotiate better

January 6, 2019 | Yahoo!

Because the custom requires people to coordinate their physical actions, it might in turn prompt them to coordinate their negotiations,” researchers Ayelet Fishbach and Kaitlin Woolley hypothesised.

New research finds that this family habit can help you negotiate more effectively

January 4, 2019 | CNBC

You spend all that time at work already, it seems like extra steps and people want to just cut to the chase,” Ayelet Fishbach, co-author of the research and a professor of behavioral science at the University of Chicago, tells CNBC Make It.

What is really eating Apple – and why Steve Jobs would not be doing a lot better

January 4, 2019 | The Conversation

The two professors, Marianne Bertrand and Antoinette Schoar, from University of Chicago and MIT respectively, calculated that individual chief executives only contribute to between 2% and 4% of a company’s total performance.

Trump Took Credit for Stock Market Records. Does He Deserve Blame for the Plunge?

January 3, 2019 | Bloomberg

One day China is a currency manipulator, another day it is not,” financial economists Lubos Pastor and Pietro Veronesi of the University of Chicago Booth School of Business wrote in May 2017 for VoxEU.org, a website of the Centre for Economic Policy Research.

Why singing in a choir will make you a better leader

January 2, 2019 | World Economic Forum

One day China is a currency manipulator, another day it is not,” financial economists Lubos Pastor and Pietro Veronesi of the University of Chicago Booth School of Business wrote in May 2017 for VoxEU.org, a website of the Centre for Economic Policy Research.

The psychology behind why we're so bad at keeping New Year's resolutions

January 1, 2019 | MSN

The study, led by Kaitlin Woolley from Cornell University and Ayelet Fishbach from the University of Chicago, found that participants believe that both enjoyment and importance are significant factors in whether they stick to their resolutions.