Briefs and Blogs
Liquidity Risk (Mis)Management: The Failure of Silicon Valley Bank and the Liability-Driven Investment Episode in UK Gilt Markets
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Former Golub Senior Fellow, Laura Kodres, discusses the similarities between what happened with British pension funds in autumn 2022 and SVB.
What is the Social Discount Rate? MIT Economists Weigh In
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In a comment letter to the Office of Management and Budget on Circular A-4 that guides federal agencies in conducting benefit-cost analyses, a dozen MIT professors, many affiliated with the Golub Center for Finance and Policy, offered suggestions [...]
Edward Golding op-ed on FHFA and mortgage risk pricing
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MAY 4 – 2023 “BankThink: No, FHFA is not encouraging a race to the bottom.” Recently, the Federal Housing Finance Agency, acting in its capacity as conservator of Freddie Mac and Fannie Mae, made some modest changes in the pricing of mortgage risk. These modest changes [...]
Improved Retirement Savings
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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 [...]
Why Today’s Inflation Is a Fiscal and Credit Policy Hangover
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This blog post is based on a talk presented at the Shadow Open Market Committee on February 11, 2022. The opinions expressed are my own and not those of the MIT Golub Center for Finance and Policy.
The Flip Side Podcast: Is the US ready for a carbon tax?
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Economists view a carbon tax as an effective solution to lower emissions, yet the US has not implemented one. Has the time come? Jeff Meli and MIT Professor Deborah J. Lucas discuss on The Flip Side Podcast Episode 39: Is the US ready for a carbon tax?
Addressing the role of FHFA in dismantling racial discrimination within the U.S. housing finance system
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Addressing the role of FHFA in dismantling racial discrimination within the U.S. housing finance system
An effective and politically viable option for corporate tax reform
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Bob Pozen, a member of the GCFP Advisory Board and Senior Lecturer at MIT Sloan, has written [...]
The Preferred Stock Purchase Agreements Will Hamper Access to Credit: A Further Modification Is in Order
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In a response to the July 2021 Federal Housing Finance Agency (FHFA) Policy Statement on Fair Lending, former U.S. Department of Housing and Urban Development officials Michelle Aronowitz (Law Office […]
Should the US government play such an outsized role in housing finance?
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MIT GCFP - The Flip Side Podcast, Episode 29