Our Work
We are motivated by the insight that financial tools are essential for designing optimal policy. Focusing on technical questions, we seek to maximize positive impact on global welfare.
We aim to bring best-in-class analytics to decisionmakers who are under-resourced and working on highly consequential questions. Our partners work in domains where 1) there is a clear path to implementation and 2) the best course is highly contingent on the details that can only be revealed through analytics.
OUR METHODOLOGY
We work at all levels to realize solutions to social problems; our public sector research and design attempts to improve legislation and government action, while our private sector efforts — incubating new entities, designing software, structuring investment — model and scale promising alternatives.
Our team has the capacities in research, operations, and strategy to build out pilots and policies. Compared to our peers in the policy ecosystem, we are quant-minded, pragmatic, and staffed disproportionately by expats from the finance world. We believe that doing the most good for the greatest number of people requires engaging with the markets that shape all of our lives. This application of the instruments from finance to the issues in policy allows us to address the subtleties of implementation.
Our process draws on our capabilities in policy analysis, economic research, software development, and financial modeling, informed by our extensive experience working with states and municipalities throughout the world.
HOW WE CHOOSE OUR PROJECTS
We regularly assess new project ideas and interventions in social policy, drawing on our own work and partners in government, industry, finance, academia, and other sectors.
We don’t work in policy areas where success hinges on large political movements or electoral politics. Instead, we work on technical problems, where the impacts of policy levers, though far-reaching, are rarely easy to understand, such as: What concessionary finance designs will spur industry and innovation? What forms of tax policy best consolidate resources in underserved localities? What industrial and minerals policy proposals can Global South countries adopt to build long-term value in the green transition?
Where the levers are technical, our multidisciplinary approach, grounded in detailed financial analysis, enables policy design with vast and enduring positive impact.
Please contact us if you have a proposal for a novel policy or organization to support it. You can find out more about partnering with us on our Partner With Us page.
OUR IMPACT
Our first metric is direct positive impact on people’s lives. Pilots and policies designed or evaluated by JFI have served tens of thousands of people in the US and abroad. We also measure ourselves on progress towards building permanent new institutions and social infrastructure in the public and private spheres, creating a new knowledge base around urgent social questions, and informing policy. For any project we choose, even partial success must have some value.
Through our initiative work, we have developed a multi-disciplinary modeling capacity that is unique in our field. Our interventions and applied research include models we’ve built for social wealth fund management, microsimulations for advising on tax policy, analysis of credit bureau data to understand the student debt crisis and federal rulemaking, income share agreement models and contracts, and more. Across all our initiatives, we carry out technical analysis for other think tanks and advocacy groups that lack this capacity.
Find out more in our annual letters.
Annual Letter 2024 ›
Annual Letter 2023 ›
Annual Letter 2022 ›
Annual Letter 2021 ›
Annual Letter 2020 ›
Featured Work
Financing the Energy Transition
Launched in fall 2024 with support from major philanthropic partners, FETI is an initiative that works with governments and investors around the globe on the technical assistance, modeling, and financial structuring needed for a just green transition.
Research and Development for the Compton Pledge
We partnered with former Compton mayor Aja Brown and Fund for Guaranteed Income (F4GI) founder Nika Soon-Shiong on design, strategy, and research on this 800-recipient guaranteed income pilot in Compton, California.
Modeling and Staffing for the Student Freedom Initiative
Robert Smith partnered with JFI’s implementation team to build the Student Freedom Initiative, which disburses funds to students at dozens of HBCUs and MSIs. With flexible income-contingent financing and student supports, this program alleviates student loan burdens, which disproportionately affect Black and minority populations. JFI created the program’s design and analytics.
Lessons from Maricá, Brazil’s Solidarity Economy
JFI partnered with political leaders and researchers in Brazil to assess a 42,000-recipient guaranteed income policy. Working with Maricá’s mayor, Fabiano Horta, formal federal senator Eduardo Suplicy, and researchers from the Universidade Federal Fluminense, JFI’s empirical team designed a study to scrutinize the unique effects of the world’s largest and richest city-based cash transfers.
Center for Active Stewardship
Launched in 2022, the Center for Active Stewardship studies the relationship between the asset management industry and private sector action on climate change. Its first major project, a rating system of mutual funds and ETFs, highlights proxy voting as a mechanism for environmental action. A private philanthropist approached JFI with the Center’s theory of change, seeking our help with staffing, structure, research support, and strategic advice.
The Global Data Access Initiative
JFI is a partner of the Global Data Access Initiative (GDAI), an initiative of UN Global Pulse that aims to gather and make public third-party data in service of humanitarian and development goals. A member of GDAI’s steering committee, JFI provides guidance on ethics, oversight, and applied research as part of our AI for the Public Good affiliate initiative.
Millennial Student Debt
In this ongoing research series, JFI’s Higher Education Finance team has built a country-wide analysis and visualization of student debt and its relationship with demographics, schools, and labor market characteristics, and how these relationships have changed over the past decade. This uniquely rich and granular data project has informed Congressional committees, major media analyses, and the work of student-advocacy coalitions.
The Strategic Decarbonization of the European Union
For this affiliate initiative, in partnership with the Atlantic Council, JFI has designed a series of convenings in Europe to take place over 2023. Our fellows are providing research, framing, and policymaker outreach to build strategies for a future of sustainable and secure energy in the EU.
Brazil’s Forum of Sovereign Wealth Funds
The Forum of Sovereign Wealth Funds in Brazil builds innovative pathways for increasing the capacity of publicly-held assets to fund bold new social programs. Led by VP Paul Katz, JFI has worked with Brazilian partners to launch the forum, bringing together fund managers and political leaders into conversation with experts from academia and finance, and building the modeling capacity of the member funds.
CURRENT INITIATIVES
Our current projects focus on social and governmental policy, as well as market structures, here and abroad. Core topics include guaranteed income and the social safety net, higher education finance, and social wealth, while we have conducted long-term inquiry into digital ethics and governance, solar geoengineering governance, and ESG.
We build pilots, design policy, and conduct research on guaranteed income alongside international partners in government, philanthropy, and academia.
We study the effect of student debt and other means of financing higher education on educational and labor market outcomes, career success, institutional equity and segregation, and long-term financial health.
We build tools, conduct research, and develop partnerships to help transform public assets into long-term financial portfolios in service of the public interest.
Financing the Energy Transition
Our team of data analysts and energy markets experts leverages particularized financial modeling analysis as well as larger-scale market simulation to understand the structure of, and the possibilities within, the energy transition.
Affiliate and Emerging Initiatives
We design and incubate affiliate initiatives brought to us by partners in the US and abroad.
PHENOMENAL WORLD
Phenomenal World is a publication focused on political economy.
We publish rigorous and innovative writing on economics, history, finance, policy, and politics. A publication of JFI, Phenomenal World explores political economy from a range of social scientific disciplines, and work with emerging and established scholars in and outside of JFI’s projects.