The focus of this paper is on the first of the UN-supported Principles for Responsible Investment - ‘We will incorporate ESG issues into investment analysis and decision making’ - the challenges and potentials of which are explored through a case study of an early attempt at ESG...

We critically review the emerging literature in Organizational and Personnel Economics concerning the role of managers and management practices. Our focus is on the middle managers who populate the hierarchies between top executives and front-line employees. We are especially concerned with...

We look for evidence of "hysteresis" in the U.S. unemployment rate -- that is, that current labor market outcomes affect the future equilibrium level of the unemployment rate. We first examine (using a variety of econometric tests for unit roots) whether the unemployment rate tends to come back...

We explore the interaction between the allocation of decision rights over investment opportunities and the design of incentive contracts to induce unobservable effort in a multiagent, multitasking agency framework. These are linked in our model because the only available performance measures...

We explore the interaction between the allocation of decision rights over investment opportunities and the design of incentive contracts to induce unobservable effort in a multiagent, multitasking agency framework. These are linked in our model because the only available performance measures...

New Keynesian models with sticky prices and rational expectations have a difficult time explaining why reducing inflation usually requires a recession. An explanation for the costliness of reducing inflation is that inflation expectations are less than perfectly rational. To explore this...