by Ed Golding, Michelle Aronowitz and Jung Choi // This paper demonstrates that Black homeowners on average will pay $67,320 more for their houses because...
Persistent racial and ethnic disparities in access to homeownership have created the need to examine whether—and how—to change aspects of the complex and rapidly changing housing US finance system.
MIT Sloan Senior Lecturer and former President of Fidelity Investments Bob Pozen discusses the implications of changing corporate financial reporting practices.
The advent of mandatory central clearing for certain types of over-the-counter derivatives and margin requirements for others means that margin is the most important mitigation mechanism for many [...]
While attending a conference of government financial managers in July 2015, I had the opportunity to participate on a panel to consider ways to improve the U.S. budget process and was amazed at the energy and enthusiasm for the topic. With hundreds of attendees cramming a large breakout session room...
Four recent papers by MIT Sloan colleagues of the GCFP touch on important matters of financial policy.
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.
In the past five years, financial regulators have become increasingly attuned to the necessity for cultural change in the financial industry. Recognizing that [...]
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 [...]
We propose a New Keynesian model with monetary-fiscal policy regime switch to explain the time-varying correlation between returns on the market portfolio and nominal Treasury bonds found in [...]
