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Economics

Brand Meghan and Harry

Brand Meghan and Harry

In the wake of Prince Harry and Meghan Markle’s decision to distance themselves from the British royal family, Mauro Guillén of the Wharton School spoke about the economic impact of monarchies around the world.

Fed governors’ influence at central bank has declined, paper says

Fed governors’ influence at central bank has declined, paper says

Peter Conti-Brown of the Wharton School authored a paper that found the Federal Reserve System’s Board of Governors has less influence on the central bank following moves by the bank’s presidents and chairs. “This institutional drift does not mean that the Fed is not still an effective central bank. It does mean, however, that it runs a democracy deficit that Congress had hoped to eliminate in the Fed’s legislative design,” he said.

How ‘Houses as ATMs’ feed a recession
rendering of a house with large american currency bills sticking out of the roof.

How ‘Houses as ATMs’ feed a recession

Wharton finance professor Nikolai Roussanov discusses his research on the connection between mortgage refinancing and recessions.

Penn Today Staff

Living in poor communities, dying from heart disease
Doctore checks someone's blood pressure in an office with windows and city in background

Living in poor communities, dying from heart disease

A new study, led by Penn Medicine, found counties that experienced the most economic distress from 2010 to 2015 had the highest cardiovascular mortality rates.

Penn Today Staff