When deposits are not completely insured, the presence of too big-to-fail (TBTF) banks alters the competitive landscape for depositors’ funds [...]
We are pleased to announce the launch of the Golub Center for Finance and Policy’s new Banking Reform Clearinghouse, or BRiC. With the recent passage of the Financial CHOICE Act of 2017 in the U.S. House of Representatives and the [...]
Given infrastructure’s integral role in enabling high-functioning economies around the world and the concern that the pace of investment is not keeping up with the need for it, I have recently begun to focus my research on the consequences of different approaches to...
by Luis Enrique Vivas Martinez / We are pleased to announce the launch of the Golub Center for Finance and Policy’s educational tool on housing finance reform.
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 [...]
MIT GCFP Blog Series
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...
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
The COVID-19 pandemic damages the U.S. and the world economy and puts policymakers in an unfamiliar dilemma. Non-pharmaceutical interventions (NPIs) such as social distancing slow the spread of [...]
