School Notes: School of Management
July/August 2017

Yale Program on Financial Stability expands

Yale SOM announced that $10 million has been raised to expand the Yale Program on Financial Stability (YPFS) and launch the “Crisis-Response Project.” This effort to codify best practices and provide training that can help governments fight financial crises is being supported by a group of business leaders and prominent philanthropies, including Jeff Bezos, Bloomberg Philanthropies, Bill Gates, and the Peter G. Peterson Foundation. To help guide the new initiative, YPFS has also expanded its advisory board, which is chaired by Timothy F. Geithner, former US Secretary of the Treasury.

Professor discusses drug pricing at the Brookings Institution

Fiona Scott Morton ’89, the Theodore Nierenberg Professor of Economics at Yale SOM, was one of a number of experts who spoke at a forum on drug pricing at the Brookings Institution on May 2. The forum, titled “Reining in prescription drug prices,” was hosted by Brookings’ Hutchins Center on Fiscal and Monetary Policy and the Center for Health Policy. Presenting a paper authored with Yale SOM statistician Lysle Boller, Scott Morton argued that greater competition, not price regulation, is needed to bring down prices and maintain innovation. 

Economics professor named a Carnegie Fellow

Mushfiq Mobarak, professor of economics, has been named to the 2017 class of Andrew Carnegie Fellows. The highly selective award will support his work to understand whether and how development interventions deemed effective in trials should be scaled up to benefit more people. Mobarak conducts experiments exploring ways to induce people in developing countries to adopt technologies or behaviors that improve welfare. Mobarak is one of 35 recipients of the 2017 fellowships. Each fellow receives up to $200,000 toward the funding of significant research and writing in the social sciences and humanities.