We are making breakthroughs almost weekly in our understanding of cancer and other deadly diseases, both in how to treat and – in some cases – how to cure them [...]

A Financial Public Private Partnership to Cure Rare Diseases

In fragile economic times, the U.S. government occasionally enacts stimulus programs to provide a jolt to consumer spending. This was certainly the case during the Great Recession, when the government utilized both explicit stimulus programs, such as the American Recovery and Reinvestment Act of 200...

China’s Growing Local Government Debt Levels - New MIT Report provides a snapshot of debt levels over time

The U.S. government’s ubiquitous role providing credit—mostly to students and homeowners—in the post-financial crisis economy is unmistakable but the ultimate costs to taxpayers can be far from obvious. While nearly all of the deliberation and debate about the price of extending government credit is...

Greece recently failed to pay $1.7 billion due to the IMF, thereby becoming the first developed country to default on an IMF loan. That missed payment represents only a portion of the approximately $23 billion in IMF credit outstanding to Greece, suggesting the ultimate losses to the Fund could be m...

The MIT GCFP and Columbia University convened a group of leading researchers, policymakers, industry participants and consumer advocates to discuss the U.S. reverse mortgage market. The meeting took place on […]

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 [...]

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 [...]

Does the provision of leverage to retail traders improve market quality or facilitate [...]