Four recent papers by MIT Sloan colleagues of the GCFP touch on important matters of financial policy.

How Much Do Guarantees and Bailouts Cost the Government? Deborah Lucas NO. 3–2024 MAY 2024 FEDERAL RESERVE BANK OF ATLANTA’S POLICY HUB

Former Golub Senior Fellow, Laura Kodres, discusses the similarities between what happened with British pension funds in autumn 2022 and SVB.

Edward Golding and Deborah Lucas discuss a simple policy change that relies primarily on market discipline that would reduce the likelihood of future SVBs.

Robert Merton (School of Management Distinguished Professor of Finance at MIT Sloan School of Management, 1997 Nobel Prize in Economics and GCFP co-director) has long advocated for better ways to save for retirement. His concept of Retirement Security Bonds (RSB’s) would allow [...]

Sovereign Development Funds’ (SDFs) dual mandate of pursuing financial or commercial objectives alongside long-term strategic and developments goals presents several challenges. First, SDFs must identify why [...]

by Khalid Alsweilem, Mark Kritzman, and Malan Rietveld | Sovereign Wealth Funds

by Laura E. Kodres, Leslie Sheng Shen, and Darrell Duffie | The need for US dollar funding during the financial stresses in mid-March 2020, as the COVID pandemic news shocked markets, was evident in a number of countries.

Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies

by Ed Golding, Michelle Aronowitz and Jung Choi // This paper demonstrates that Black homeowners on average will pay $67,320 more for their houses because...