In the US, the Government has the highest power over the control of a juridical system. Prof Deniz OKAT examines how the power struggle in government politics would compromise our welfare. Globally, the release of aggregated information by governments affect the financial market to a different level.  Prof Abhiroop MUKHERJEE looks into the interaction between financial markets and government data release. 

Compromising Welfare
The US Constitution includes many checks and balances that necessitate the ruling party to compromise with the opposition. The study by Prof Deniz OKAT looks into the nominations to the judiciary and found that confirmation in the Senate is more likely and faster when the President compromises on the strength of the candidate. This suggests that the system of checks and balances comes with a price.

Alternative Data and the Government Monopoly on Macroeconomic Numbers
Financial markets look to governments to learn about aggregate, “macro”-economic outcomes, because governments have unique power in putting together data. Prof Abhiroop MUKHERJEE studies if alternative data will make a difference  and if markets today already know what happened in the economy before the government releases this information.