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Bayesian Adaptive Clinical Trials for Anti‐Infective Therapeutics during Epidemic Outbreaks
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We all have heard about these “unprecedented times” and how we need to throw the old play book out and try something new. For decades, we have had established protocols on [...]
Usable bank capital
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The COVID-19 induced ‘Great Lockdown’ has cast doubt on the efficacy of bank buffers in supporting the real economy in times of crisis. Despite accommodative regulatory and supervisory action, banks remain hesitant to [...]
Estimating Probabilities of Success of Vaccine and Other Anti-Infective Therapeutic Development Programs
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In a paper published in the Harvard Data Science Review on May 14, 2020, the co-director of GCFP, Andrew Lo, along with his co-authors Kien Wei Siah and Chi Heem Wong, estimate the probability of success (PoS) of [...]
Opinion: What to know about how the coronavirus crisis will impact your money market fund
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Robert C. Pozen, Senior Lecturer, MIT Sloan School of Management and non-resident Senior Fellow, The Brookings Institution
3 Questions: Jonathan Parker on building an economic recovery
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Jonathan Parker, Robert C. Merton Professor of Finance at MIT Sloan and co-director at the MIT GCFP, recently provided answers on [...]
Pandemics Depress the Economy, Public Health Interventions Do Not: Evidence from the 1918 Flu
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The COVID-19 pandemic damages the U.S. and the world economy and puts policymakers in an unfamiliar dilemma. Non-pharmaceutical interventions (NPIs) such as social distancing slow the spread of [...]
Brakes or Bans: Protecting Financial Markets during a Pandemic
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Amid the uncertainty of the COVID-19 pandemic, the movements in equity markets’ around the world have mirrored the spread of the virus and its virulence. Attempts to limit market crashes, volatility, and financial contagion have taken a number of different forms. This column explores [...]
Are Circuit Breakers Doing Their Job?
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Laura Kodres, Senior Distinguished Fellow, MIT Golub Center for Finance and Policy
A Simple Way Forward to Address the Economy During the Pandemic
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While Congress and the Administration wrestle with a massive $2 trillion response and many suggest expansive new loan programs, the simple way forward is to [...]