Research
The GCFP attracts leading academics from around the world in its pursuit of creating innovative, cross-disciplinary research.
Papers and Publications
More information on papers and publications from Golub Center affiliates.
Research Initiatives
More information about the Golub Center's research initiatives.
Research Projects
More information about past and present research projects housed at the Golub Center.
Featured Papers and Research
Measuring Financial Subsidies to SOEs
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Measuring Financial Subsidies to SOEs: An Asset Return Based Framework with an Application to TVA (working paper)
Papers on Financial Policy by Sloan Colleagues
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Four recent papers by MIT Sloan colleagues of the GCFP touch on important matters of financial policy.
The Cost of Bailouts
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How Much Do Guarantees and Bailouts Cost the Government? Deborah Lucas NO. 3–2024 MAY 2024 FEDERAL RESERVE BANK OF ATLANTA’S POLICY HUB
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.
Duration Gap Disclosure: A Modest Proposal to Prevent Another SVB
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Edward Golding and Deborah Lucas discuss a simple policy change that relies primarily on market discipline that would reduce the likelihood of future SVBs.
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 [...]
Economic Fitness As a Tool for Sovereign Development Funds
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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 [...]
Optimal multi-horizon portfolios with forward-looking expectations and loss aversion: an application to sovereign wealth funds
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by Khalid Alsweilem, Mark Kritzman, and Malan Rietveld | Sovereign Wealth Funds
Dollar Funding Stresses in China
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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.
Positive Cross-border Policy Spillovers?
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Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies