September 13 will mark six months since U.S. President Donald Trump declared a national state of emergency in response to the COVID-19 a national pandemic. And here in North Carolina, Governor Roy Cooper announced last week that the state will transition to “Phase 2.5,” with further easing of restrictions on certain places and types of activities including mass gatherings, playgrounds and gyms, but with other restrictions – such as those on bars and entertainment venues – remaining in place. It seems like a good time to take stock of where we’ve been, where we are now and what lies ahead.
Chief Economist Gerald Cohen will be a panelist for an ncIMPACT Virtual Town Hall on workforce shortages in the state that will be livestreamed at 11 a.m. Wednesday, May 4 on Facebook Live.
The crash of the stablecoin TerraUSD last month prompted talk among policymakers of tighter regulations for cryptocurrency markets, a world that was built around the ideas of independence and privacy. In this week’s Kenan Insight, experts who participated in a recent webinar discuss how regulation can move crypto forward and what form new rules and infrastructure might take.
Pete Stavros of KKR & Co. founded Ownership Works, a new initiative backed by 19 private equity firms, with the objective of reducing income inequality by increasing employee share ownership. The group has prominent backers and a lofty goal of creating $20 billion in wealth in 10 years. As a researcher who has worked on employee share ownership and the benefits it can create, I was encouraged by the news. But while I broadly support employee ownership, such initiatives also can raise red flags because of the risk they impose on employees. As such, it is worthwhile to think carefully through what we know and don’t know about such programs.
We introduce a new framework that facilitates term structure modeling with both positive interest rates and flexible time-series dynamics but that is also tractable, meaning amenable to quick and robust estimation. Using both simulations and U.S. historical data, we compare our approach with benchmark Gaussian, stochastic volatility, and shadow rate models, where the latter enforces positive interest rates.
Please join us for “How Leadership Is Changing for Your Generation,” an exclusive conversation with Zach Clayton of Three Ships and Bill George of Harvard Business School. Their fireside chat is offered through the Dean’s Speaker Series, hosted by the Kenan Institute in partnership with UNC Kenan-Flagler Business School Interim Dean Jennifer Conrad.
We quantify the causal effects of humorous banter among three rival fast-food brands on Twitter in the context of a new product launched by one of the rivals (viz, the focal or entrant brand). We argue that Twitter banter can cause a surge in online search that in turn leads to higher offline sales.
Nuclear power’s star has dimmed in recent years, diminished by the rise of solar, wind and natural gas as well as the 2011 disaster at Japan’s Fukushima plant. Now many nations, suddenly in need of a secure, clean energy source, have plans to reopen or extend the lives of their existing facilities.
As President Xi Jinping officially begins his third term leading China, his ideological approach will be tested by instability - both within and outside his country.
Recent infrastructure legislation offers an opportunity to focus on how new projects can increase wealth in communities with the greatest needs and minimize harm to the environment, all while supporting the broader economy.
UNC Kenan-Flagler Assistant Professor Tim Kundro fields questions concerning how managers and firms can best foster a healthy working environment.
Save the date for inaugural NCGrowth Showcase: Engaging for Economic Prosperity in the Kenan Center! Don't miss out on engaging presentations and lunch from noon to 2 p.m. Feb 27.
Dive into the value of private-public partnerships in growing enterprises, careers and communities to learn more about Wolfspeed's efforts to cultivate a sustainable workforce pipeline.
Please join us for an exclusive conversation with Gov. Deval Patrick on April 23 at 5 p.m. as a part of the Dean’s Speaker Series, hosted by the Kenan Institute in partnership with UNC Kenan-Flagler Business School Dean Mary Margaret Frank.
UNC Kenan-Flagler’s John Gallemore and co-authors found that, among other things, the complexity of the U.S. tax system has a disproportionately negative effect on small, domestic-owned and private firms.
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.
With a growing emphasis on prioritizing user privacy and data protection, says UNC Kenan-Flagler’s Longxiu Tian, information collected directly from customers becomes the key to solving the puzzle of personalization and accurate targeting for marketers.
We examine how freedom of speech protections affect the nature and extent of employee disclosure. To identify the effect of freedom of speech protections, we use anti-strategic lawsuit against public participation (anti-SLAPP) laws, which punish lawsuits that censor or silence critics. We examine the effect of anti-SLAPP laws using a within firm-year design that compares employee disclosures for the same firm at the same point in time.
Artificial intelligence was a major topic of conversation at the Frontiers of Business Conference on October 10. See how speakers and panelists think the technology will change the future of business.
A country’s national income broadly depends on the quantity and quality of workers and capital. But how well these factors are managed within and between firms may be a key determinant of a country’s productivity and its GDP.