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Why do banks fail? Study finds insolvency is the true killer
While a "run" is often the last thing that happens before a bank fails, it is almost never the root cause, according to a new
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Press
War with Iran delivers another shock to the global economy
Central bankers are haunted by the memory that their predecessors "didn't get it right in the 1970s," said professor
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CFOs break the silence — First broad survey in decades shows how private firms really report
Private firms, especially smaller ones, aren't required to follow public-company accounting rules — but many do anyway.
Press
Gas prices are rising—and so are the Iran war stakes for Trump
Markets now seem to be betting on a longer conflict, which could mean global oil supplies are disrupted for months, said professor
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Crude prices make record jump as Trump's measures fail to calm markets
Professor Catherine Wolfram said: "Economists talk about what's called rockets and fea
npj Climate Action
Interactive simulation with En-ROADS spurs climate action among decision-makers
En-ROADS workshops help leaders build stronger understanding of climate solutions, deepen personal connection, and increase motivation to take climate action and influence policy decisions.
Bloomberg | March 26, 2026
Iran War Is Pushing Consumers to Break Up With Fossil Fuels
Christopher R. Knittel, Faculty Director of the MIT Climate Policy Center, discusses his personal and professional reaction to higher gas prices, noting consumer behavior adjustment as an effect.
Boston Globe | March 26, 2026
Gas Prices are Spiking: An MIT Expert Explains Why They’re Unlikely to Come Down Any Time Soon
Professor Catherine Wolfram, Faculty Affiliate for the MIT Climate Policy Center, shares her expertise on the trajectory for fuel prices, oil markets, the Iran conflict, and climate change.
New York Times | March 18, 2026
U.S. Suspends Oil Shipping Rules to Ease Gas Price Pressures
Christopher R. Knittel says academic research found the Jones Act added ~1.5¢/gal. to gasoline prices. “It’s not a huge number, but adds up given how much gasoline we consume.”
Boston Globe | March 24, 2026
Why Rooftop Solar in Mass. is Flawed, and How to Fix It
MIT Professor Christopher R. Knittel and graduate student Fischer J. Espiritu Argosino discuss evidence-based critique and suggestions for rate design in Massachusetts ahead of MA DPU 25-200.