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What is the best mix of cash and credit assistance to combat the economic fallout from the coronavirus pandemic, and what are the principles that should guide those choices? For policymakers [...]
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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 [...]
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Friend or Foe: Cross-Border Links, Contagious Banking Crises, and Joint Use of Macroprudential Policies
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As the Covid-19 pandemic brings the U.S. economy to a standstill, a severe drop in consumer demand is putting vast numbers of businesses at risk of bankruptcy, and millions of [...]
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Measuring Financial Subsidies to SOEs: An Asset Return Based Framework with an Application to TVA (working paper)
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When deposits are not completely insured, the presence of too big-to-fail (TBTF) banks alters the competitive landscape for depositors’ funds [...]
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A group of top financial economists from universities around the country, including many of my colleagues at Sloan, released a letter this week urging Congress to [...]
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Bob Pozen, a member of the GCFP Advisory Board and Senior Lecturer at MIT Sloan, has written [...]
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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 [...]
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Last week Bob Pozen, a Visiting Senior Lecturer here at MIT Sloan with a distinguished background in government, business and education gave an eye-opening lunch talk. The topic was “Other Post-Employment Benefits” or OPEBs—which is accounting jargon for the liabilities governments incur for retiree...
