2018 April

A Primer on Exchange Traded Funds: Costs and Benefits
Gallery
A Primer on Exchange Traded Funds: Costs and Benefits

Financial, Markets, primer

A Primer on Exchange Traded Funds: Costs and Benefits

Utzinger, Robert2026-01-20T16:48:48+00:00

Ernesto Garcia
April 30, 2018

ETFs have transformed investing by offering low-cost, diversified exposure traded like stocks throughout the day. Their structure, built on creation and redemption by authorized participants, helps prices track underlying assets. But as ETFs grow larger, active trading and liquidity risks raise concerns that shocks in individual assets could spread more broadly through markets.

A Primer on Exchange Traded Funds: Costs and BenefitsUtzinger, Robert2026-01-20T16:48:48+00:00

U.S. Tax Reform: Where Are We Now?
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U.S. Tax Reform: Where Are We Now?

Economy, Fiscal, Inequality, National, Policy

U.S. Tax Reform: Where Are We Now?

Utzinger, Robert2026-01-20T16:50:22+00:00

Rubaiyat Tasnim and the ESG
April 12, 2018

A panel of leading economists weighed the promises and pitfalls of the 2017 U.S. tax reform, highlighting sharp disagreements over growth, inequality, and fiscal risk. While supporters emphasized capital inflows and wage gains, critics warned of rising deficits, regressive distributional effects, and long-term pressure on social programs, underscoring unresolved tensions at full employment.

U.S. Tax Reform: Where Are We Now?Utzinger, Robert2026-01-20T16:50:22+00:00