Why less regulation isn’t necessarily better
The longstanding debate about government oversight is giving way to a new understanding of how to craft more effective industry rules.
In health care, transparency may affect prices, but not patients’ bills
Regulation of pricing transparency at US hospitals can give the appearance of lowering costs, but research suggests that the payments made by patients and their insurers for five representative medical procedures have not decreased.
CBR Briefing #52
Investors use the payments as a proxy for financial strength
Consumer protection takes more than transparency
The principles of transparency and disclosure are visible everywhere from fast-food menus to financial regulation. But if lawmakers don’t consider the behavior of both markets and consumers, better information may not translate to smarter shoppers.
Is Dodd-Frank an instrument of social change?
Policymakers have succeeded in using financial regulation to effect nonfinancial change.