In the News 2019

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.