Finance
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Why Data Is Like Fire
Mar 11, 2020
Dr. Chen Long, Director of the Luohan Academy, explains why the digital revolution is so different from the industrial revolution
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How The Troika Runs Europe
Jan 22, 2020
The European Commission, the European Central Bank, and the IMF are the continent’s austerity police
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Banning Buybacks
Dec 4, 2019
Stock buybacks are giveaways for greedy investors at the expense of everyone else.
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Private Equity and Surprise Medical Billing
Sep 4, 2019
How Investor-owned Physician Practices Are Driving up Healthcare Costs
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How Can We Track Bank Risk?
Aug 21, 2019
Risky lending took down the global economy in 2008. Tracking it now is a vital job for economists, says Juliane Begenau
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Working Paper Series
Firm-Level Political Risk: Measurement and Effects
Jul 2019
We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.
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How the Stock Market Drives Wealth Inequality
Jul 10, 2019
When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class
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A Brief History of Doom
Jun 26, 2019
Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history
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Non-bank lending and the credit cycle: what are the risks?
Jun 21, 2019 |
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Outlook Session: How much debt is too much?
Jun 21, 2019 |
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Expectations and Credit Cycles: What role for over-optimism of borrowers and lenders?
Jun 21, 2019 |
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Incentives and Credit Cycles: What’s driving risk taking in credit booms?
Jun 21, 2019 |
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Private Debt Booms and the Real Economy: Do the benefits outweigh the costs?
Jun 21, 2019 |
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Sectoral Credit and Financial Instability: Does the sectoral allocation matter for financial stability risks?
Jun 21, 2019 |
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How can we measure risk exposure of banks and credit markets?
Jun 21, 2019 |