David Glancy, Robert J. Kurtzman, and Lara LoewensteinWe use microdata on the phases of commercial construction projects to document three facts regarding the sector's time-to-plan lags: (1) plan times are long and highly variable, (2) nearly half of projects in planning are abandoned, and (3) property price appreciation reduces the likelihood of abandonment.
R. Matthew Darst, Ehraz Refayet, and Alexandros VardoulakisWe examine how macroprudential capital requirements interact with competition between banks and non-banks to shape lending standards. Banks have private information and benefit from deposit insurance, while non-banks lack such advantages but are less regulated.
Leland D. Crane, Akhil Karra, and Paul E. SotoWe evaluate the ability of large language models (LLMs) to estimate historical macroeconomic variables and data release dates. We find that LLMs have precise knowledge of some recent statistics, but performance degrades as we go farther back in history.
PaeGAG/ShutterstockA new financial year starts on July 1. For Australia’s large companies, that means new rules on climate-related disclosures come into force.
Senate Majority Leader John Thune speaks with reporters about the reconciliation process to advance President Donald Trump's spending and tax bill on June 3, 2025. AP Photo/J. Scott ApplewhiteThe word “reconciliation” sounds benign, even harmonious.
The most essential work in society isn’t accounted for in economic statistics.
Cutting off China's access to advanced U.S. chips is likely to motivate Chinese cyber espionage. kritsapong jieantaratip/iStock via Getty ImagesThe United States is trying to decouple its economy from rivals like China.
Filming 'The Perfect Storm' in Gloucester Harbor, Mass.
What does it take to lead through complexity, make tough decisions and still put people first? For me, the answer became clear during a defining moment early in my career – one that changed my path entirely.
Today I am a business-school educator, but I began my career in the corporate world. I faced a challenge so intense that it motivated me to go back to school and earn a Ph.D. so I could help others lead with greater purpose and humanity.
What does it take to lead through complexity, make tough decisions and still put people first? For me, the answer became clear during a defining moment early in my career – one that changed my path entirely.
Today I am a business-school educator, but I began my career in the corporate world. I faced a challenge so intense that it motivated me to go back to school and earn a Ph.D. so I could help others lead with greater purpose and humanity.
