The American Growth Project explains why manufacturing remains essential for economic growth and how manufacturing in the U.S. today incorporates both regional shifts and “stickiness” in traditional strongholds.
Companies face increasing pressure from different stakeholders to address various environmental, social and governance (ESG) issues. In their efforts to engage with these issues, they might pursue symbolic or substantive actions, either pre-emptively (proactive actions) or in response to specific targeted threats (reactive actions). Yet we know relatively little about how different stakeholders react to this repertoire of corporate actions and importantly, whether they are aligned in their reaction. We ask this question in the context of gender inequality, an issue that has become salient due to heightened societal attention thanks to the #MeToo movement.
The latest report from the Department of Labor showed continued robust job growth. Employers added 431,000 jobs in March. The news of sustained job gains speaks to the strength of the U.S. economy. Moreover, the labor force participation rate inched up slightly to 62.4% in March, from 62.3% in February, indicating more Americans are reentering the workforce. We still have a long way to go to resolve the imbalance between job openings and unemployed people, however, and this means that current issues of worker burnout will also linger.
This paper characterizes the implications of risk-on/risk-off shocks for emerging market capital flows and returns. We document that these shocks have important implications not only for the median of emerging markets flows and returns but also for the left tail.
Volatility component models have received considerable attention recently, not only because of their ability to capture complex dynamics via a parsimonious parameter structure, but also because it is believed that they can handle well structural breaks or nonstationarities in asset price volatility.
Gentrifying cities increasingly are adopting inclusive and equitable development policies, strategies, tools, and regulatory practices to minimize, if not altogether eliminate, the demographic and economic dislocations that often accompany their growing attractiveness as ideal places to live, work, and play for a creative class of young people and well-resourced retirees who are predominantly white. Creating greater opportunities for historically under-utilized businesses to grow and prosper through enhanced local government contracting and procurement is one mechanism through which gentrifying cities are trying to generate greater equity and shared prosperity.
A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar on the dramatic short- and long-term impact of the COVID-19 financial downturn on personal and consumer finance—including effects on retirement, mortgage rates and tax policy. Join tomorrow, Tuesday, March 24, from 11-11:45 a.m. EDT.
A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar on the dramatic short- and long-term impact of the COVID-19 financial downturn on personal and consumer finance—including effects on retirement, mortgage rates and tax policy. Join tomorrow, Tuesday, March 24, from 11-11:45 a.m. EDT.
Please join us for a talk by Josh Lerner, a Kenan Institute Distinguished Fellow, who will be discussing the unprecedented explosion of venture capital activity worldwide and what was behind this dramatic surge of activity.
A panel of experts convened by UNC Kenan-Flagler Business School, its affiliated Kenan Institute of Private Enterprise and the Institute of African American Research will offer a press briefing via webinar on the intersection of the COVID-19 crisis and the Black Lives Matter movement—providing a framework for developing solutions to achieve equitable public health and economic outcomes for the short- and long-term.
Many Americans expect newly inaugurated President Joe Biden to achieve progress in improving the quality of the environment. In this Kenan Insight, we explain why we support these expectations, examining what Biden has already done in his brief tenure, the feasibility of the plans he’s outlined thus far, and whether (and how) he can propel the U.S. to a leadership role in sustainability.
The European Union has granted the United Kingdom a short extension on their anticipated Brexit deal. Now what?
As part of President Joe Biden’s efforts to refocus the Federal Reserve Board, the Senate conducted confirmation hearings for several nominees this past week. While these hearings traditionally raise spirited exchanges about the nominees’ views on monetary policy and bank supervision, a new and more controversial topic involves the extent to which the Federal Reserve should internalize climate risks into its purview. Before wading into central bank wonkishness, it is important to make clear that climate change represents a serious risk to not only the U.S. economy but to humanity itself. Nevertheless, we need to be very deliberate in the assessment of the available policy tools, with an eye to where unintended consequences may reside.
The availability of high quality and “clean” data documenting historical individual stock performance has had a profound impact on financial economics and the financial‐services industry.
In the U.S. automobile industry, manufacturers distribute products through dealers and rental agencies. To mediate direct competition between the two intermediaries, manufacturers adopted buyback programs to repurchase used rental cars from rental agencies and redistribute them through dealers.
The U.S. Supreme Court struck down the “Chevron deference,” a legal doctrine that grants regulatory agencies authority in interpreting statutes. The decision could significantly alter the regulatory landscape.
...estimate and graph the three effects over time for each product and country using a comprehensive data set that covers the diffusion of PCs and the Internet over two decades—from...
...communities, and the time and effort required for economic recovery will vary across counties and neighborhoods. This dashboard provides data in near real-time to measure economic activity and recovery at...
UNC-Chapel Hill Professor Kurt Gray discusses how research can help us understand – and navigate – our rapidly changing professional and social lives.