Each year, formulas are used to allocate large amounts of federal funds to state and local governments via federal programs designed to meet a wide spectrum of economic and social objectives. These ...

This guide covers the basics of putting your investing house in order, starting with your risk capacity and risk tolerance.

A new paper co-authored by Yale SOM’s James Choi offers a simple tool to approximate an optimal investment strategy.

The federal government has directed the Revenue Mobilization Allocation and Fiscal Commission (RMAFC) to accelerate the review of the revenue allocation formula, which has not been updated in over two ...

NOTICE: The project that is the subject of this report was approved by the Governing Board of the National Research Council, whose members are drawn from the councils of the National Academy of ...