This study examines whether highly ranked recruiting classes significantly impact the number of games won by an NCAA men's basketball team the following year. The results suggest that highly regarded freshman guards increase the number of wins whereas freshman players at other positions do not...

The independence of central banks is an important feature of a properly functioning and stable monetary system. The structure of the Federal Reserve is designed to minimize political influence and insulate policy makers from political pressure. Nevertheless, members of the Fed's Federal Open...