He is a leading authority on financial innovations, capital markets, emerging markets and environmental finance. Yago's work focuses on the innovative use of financial instruments to solve long-standing economic development and social and environmental challenges. He is founder of the Milken Institute's series of Financial Innovations Labs. The labs have been credited with crafting breakthrough financial policies and programs for institutional investors, foundations, development programs and governments that address such diverse problems as urban revitalization, catastrophic risk, affordable housing, small-business financing, water infrastructure, climate change, health care and archaeological site preservation. Prior to joining the Institute, Yago served as a professor at the State University of New York-Stony Brook and at the City University of New York Graduate Center in the Ph.D. program in economics. He is also a visiting professor at the Hebrew University of Jerusalem
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