Author Archives: Michelle Lowry

Are All ESG Funds Created Equal? Only Some Funds Are Committed 

By | June 22, 2022
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“The major problem that I have is that even if they’re [ESG funds] marketed correctly, they actually have no demonstrable impact.”1  Tariq Fancy, the former head of BlackRock’s sustainable investing  Flows into ESG mutual funds have increased markedly over recent years, raising the question of whether these capital flows lead to improved ESG policies in… Read More »

The Government Agenda and the Effects of Regulatory Dispersion

By | May 21, 2021
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            The federal government is arguably the most influential actor in the United States economy. Its agenda includes a wide range of activities, such as, rule drafting, enforcement actions, and tariff determinations. These activities are carried out daily by hundreds of agencies. In our new paper, we develop a measure of the entire agenda of the federal… Read More »