America’s New Aristocracy
The richest Americans control $46 trillion in wealth—but many pay little or no federal tax.
INET Warned Over 2 Years Ago: Spending by the Wealthy Is Distorting the Economy
The idea is finally catching on, but many still miss how deeply it’s driving inflation, masking wage losses, and complicating recovery.
Lately, you’ve probably seen headlines highlighting what some call a surprising truth: the richest Americans -- who’ve enjoyed years of income and wealth growth -- are the ones keeping the economy afloat with their spending. Meanwhile, most people struggle to keep up with rising costs.
AI and online shopping: how Shein, Temu and others get you hooked
In recent years, several websites selling ultra-low-cost goods have appeared on the French market. Shein, Temu and AliExpress, to name but a few, are shaking up the online retail landscape. According to a study conducted by BPCE Digital & Payments, the number of payment cards recording at least one monthly transaction on a discount site increased by 20% between the first quarters of 2022 and 2023.
Is your manager grumpy in the mornings? Poor sleep can lead to abusive and unethical behaviour
H. Armstrong Roberts/ClassicStock/Getty ImagesYou arrive at work, coffee in hand, ready to tackle the day. But your manager seems off, curt in meetings, impatient with questions, and unusually sharp in tone.
Not the Fix—The Tell: The Meaning of a $100,000 H-1B Fee
The new $100,000 H-1B fee tacitly acknowledges what early policy architects signaled: expanding temporary tech visas can depress domestic wages. By bringing the fully loaded cost of a new H1B hire closer to what the local market would require to recruit and retain comparable talent, it narrows the wedge between visa-enabled staffing and hiring Americans at market rates.
Why is Halloween starting so much earlier each year? A business professor explains
A display of Halloween products for sale in West Covina, Calif., on Sept. 10, 2025. Frederic J. Brown/Getty ImagesHalloween is a fun, scary time for children and adults alike – but why does the holiday seem to start so much earlier every year? Decades ago, when I was young, Halloween was a much smaller affair, and people didn’t start preparing until mid-October.
Fiscal announcements and households’ beliefs: evidence from the euro area
This paper studies the effects of fiscal policy announcements on household expectations. We document announcements of price-related expansionary fiscal measures in response to the cost-of-living crisis in the four largest euro area economies and exploit the exogenous timing of fiscal actions relative to household survey participation to estimate their causal effects. Following fiscal announcements, households revise their beliefs: inflation perceptions rise, and unemployment perceptions fall.
More than just good ethics: new research links corporate diversity to better investment decisions
skynesher/GettyWhen we talk about diversity in business, it’s usually in moral or social terms – fairness, inclusion and representation. But our new research suggests diversity also pays off in a very practical way: helping companies make better financial and investment decisions.
AI is using your data to set personalised prices online. It could seriously backfire
Oscar Wong/Getty ImagesYou check prices online for a flight to Melbourne today. It’s $300. You leave your browser open. Two hours later, it’s $320. Half a day later, $280. Welcome to the world of algorithmic pricing, where technology tries to figure out what price you’re willing to pay.
IFDP Paper: The case for supporting liquidity supply in (some corners of) non-bank intermediation
Sirio AramonteAfter the Global Financial Crisis, the liquidity-supply ecosystem that underpins nonbank intermediation shifted away from traditional dealers. Instead, it started to rely more on intermediaries with fragile funding structures and opportunistic investment strategies. Over the years, stress episodes saw the sudden retrenchment of these intermediaries, which amplified liquidity imbalances and market malfunction.
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