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Measuring Financial Subsidies to SOEs: An Asset Return Based Framework with an Application to TVA (working paper)

Deborah J. Lucas, Sloan Distinguished Professor of Finance and Director, MIT Golub Center for Finance and Policy Refet A. Gürkaynak, Professor of Economics and Department Chair, Bilkent University

This guest blog post, by former Federal Reserve Governor Daniel Tarullo, was prepared while he was recently in residence at the Golub Center as a Distinguished Fellow.

As part of its Distinguished Speaker Series, the MIT CFP invites you to a lunch lecture by Janos Pasztor, Senior Adviser of the UN Secretary-General for Climate Change

Edward L. Golding, Laura E. Kodres, and Deborah J. Lucas The 2008 financial crisis triggered a wave of new financial regulations, most notably as mandated by the Dodd Frank Act of 2010. That legislation recognized that existing regulations were inadequately designed to protect against systemic ri...

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...

This conference explores some of the policy considerations currently being discussed and the implications to investment management strategy. Leading experts from both academia and the profession will provide insights on the issues. This event is co-sponsored with the MIT Sloan Finance Group and MIT...

The MIT CFP Distinguished Speaker Series invites you to a lunch talk by Sadeq Sayeed, Chairman of Metage Capital Limited