Private Debt
When the stock market grows faster than the housing market, the gains of the top 1% outpace those of the middle class
Richard Vague and Rob Johnson discuss the role of excessive lending in causing financial crises throughout history
Steven Pressman says in the next few years, we could see rising interest rates bring about a recession
Matthew Baron challenges conventional myths about booms and busts
The former chairman of Britain’s Financial Services Authority and author of the forthcoming book “Between Debt and the Devil” explains why private debt, not banks, deepened the financial crisis and continues to cause trouble today.
Mainstream economists have ignored private debt to our peril
Shaped by the 2008 financial crisis, a new generation of economists is expanding the boundaries of economic thinking on credit cycles, private debt, and financial stability.
Working Paper Series
The Chicago School has long used bankrupt assumptions to strangle antitrust policy.
We adapt simple tools from computational linguistics to construct a new measure of political risk faced by individual US firms: the share of their quarterly earnings conference calls that they devote to political risks.
It was too good to be true: Another effort to vindicate austerity falls victim to flawed methodology.
Frequent civil conflicts in African countries may erode national identity, thus highlighting a reason why civil conflict is costly for growth and development
Everyone is waking up to the fact that estimates of what is possible in the economy are way off: this paper explains why
This paper presents an historical analysis of the antitrust laws.
Why Italy’s woes are a warning to the whole Eurozone