by Ricardo J. Caballero and Alp Simsek

MIT GCFP Blog Series

This guest blog post, by former Federal Reserve Governor Daniel Tarullo, was prepared while he was recently in residence at the Golub Center as a Distinguished Fellow.

The purpose of this note is to suggest answers to several fundamental questions about value of the federal government’s support for the GSEs.

Financial regulation is most effective when it targets the origins of the problem it seeks to remedy. This is akin to the medical adage: treat the cause, not the symptom. Identifying the causal factors driving distress in financial markets is no easy task. One complication is that the cause might li...

When deposits are not completely insured, the presence of too big-to-fail (TBTF) banks alters the competitive landscape for depositors’ funds [...]

With the arrival of a new Congress and a new administration, change may be in store for current and former students who have borrowed to pay for higher education expenses. On the campaign trail, Donald Trump indicated a desire to ease the debt burden carried by former students, and Republicans at ti...

As the keynote speaker at a recent conference of the International Consortium on Government Financial Management held in Washington DC, I had the opportunity to discuss with representatives from over 40 countries one of the primary challenges facing governments around the world – citizen engagement.

In fragile economic times, the U.S. government occasionally enacts stimulus programs to provide a jolt to consumer spending. This was certainly the case during the Great Recession, when the government utilized both explicit stimulus programs, such as the American Recovery and Reinvestment Act of 200...

The GCFP invites guest blog submissions to encourage discussion of important financial policy issues. This first guest posting, by Bob Pozen, proposes a “Third Type of Retirement Plan” that would address some of the stresses in public sector defined benefit pension plans while preserving much of the...