Drop of Light/ShutterstockIt’s exactly three years since Russia began its full-scale invasion of Ukraine.
During that time, Ukrainians have lived through one of the world’s largest and most brutal humanitarian crises. Yet their resilience remains high.
Mark Carlson and Mary-Frances StyczynskiThe Federal Reserve’s discount window is a tool that can provide reserves to banks at a rate set by the Federal Reserve, the discount rate. During the past several years, there have been large fluctuations in the level of reserves in the banking system and in the level discount rate relative to other interest rates.
Andrew Meldrum, Oleg SokolinskiyAnalysis of market liquidity often focuses on measures of the current cost of trading. However, investors and policy-makers also care about what would happen to liquidity in the event of an adverse shock.
Trustworthy managers get better performance reviews, recent research shows. Andrey Popov/Getty ImagesNational Leadership Day, which takes place every Feb. 20, offers a chance to reflect on what truly defines leadership – not just strategy or decision-making, but the ability to build trust.
Questions about market power have become salient in macroeconomics. We consider the role of institutional structures in addressing these within a dynamic general equilibrium framework. Standard models account for monopoly profits as a lump-sum transfer to the representative agent. We label this an "incentive leakage," and show this to be a general characteristic of firm-optimal arrangements. We show that shareholder-operated or worker-operated firms that eliminate leakage can generate within-firm incentives that effectively reduce monopoly distortion in equilibrium.
What if billionaires paid their fair share—no matter where they lived?
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For many corporate teams, the notion of “good conflict” is merely a myth. Most often, conflict is seen as a roadblock to success–especially when it involves clashing personalities or disagreements over strategy. But what if, in certain cases, the right kind of team conflict fuels creativity? That’s the idea behind our new research, which suggests that, handled well, some team fights might just be the key to sparking fresh ideas.
And it turns out that who is in conflict can make all the difference.
Not the picture of leadership. LMPC via Getty ImagesA glance at the day’s headlines reveals a universal truth: Leadership matters.
