Please click here to read the WSJ.com article How Federal Lending Programs Served as a Big Shadow Stimulus which discusses Deborah Lucas’ paper Credit policy as fiscal policy.

The Cambridge/Boston academic, policy and practitioner communities are fortunate to include many people with deep expertise and interest in financial policy. Yet opportunities to gather for in-depth conversations about [...]

Visiting Scholar Xun Wu, a PhD student at Tsinghua University, is in residence at the CFP for the 2014-15 academic year to pursue his dissertation research on “Chinese Local Government Indebtedness: Systemic Risk and Financial Cost.”

Chester Spatt was interviewed by Kenneth Durr of the Securities and Exchange Commission Historical Society last year about his time at the Commission as Chief Economist. A transcript of the interview can be found here; audio of the conversation is below.

MIT GCFP Blog Series

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 [...]

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...

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...

The GCFP invites guest blog submissions to encourage discussion of important financial policy issues. This first guest posting, by Bob Pozen, proposes a “Third Type of Retirement Plan” that would address some of the stresses in public sector defined benefit pension plans while preserving much of the...

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