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Dean Corbae is a leader of the Markets network and Professor of Finance, Investment, and Banking at the Wisconsin School of Business, where he also holds an appointment in the Department of Economics. His current research focuses on consumer credit and bankruptcy, foreclosures, and banking industry dynamics.

On this blog, we like to overstate quite a bit our irreverence towards the establishment and in particular our senior colleagues.

A formal argument that Kahneman and Tversky’s compelling empirical findings, and those of other behavioral economists, do not provide a basis for a general approach to specifying participants’ “predictable errors.”

We investigate the claim that the way in which debtor households service their debts matters for macroeconomic performance.

Examining the crucial role of poverty and inequality in shaping household indebtedness.

Why is the IMF getting involved in the Eurocrisis, and why is its involvement taking the form of lending to individual member states of the Eurozone?

This research project provides guidance to policymakers for designing policies that are able to bring economies out of recessions by identifying the best policies to fight unemployment and stabilize the business cycle while alleviating inequality.

Smart Energy

Who gains—and who loses—from global capitalism?

Economist Gordon Lafer describes a race against the education technology industry to do what’s right for America’s kids

An obituary for Axel Leijunhufvud (Sept 6, 1933 - May 5, 2022)

By suddenly eliminating two widely used bank notes, India’s government risks undermining public confidence in the basic means of exchange

Till is right. It’s not the historian’s task to question the legitimacy of the decisions of the Nobel Committee.

What kind of “Minsky Moment”?

The corporate titans of yore once offered a sizable wage premium over smaller employers—but not anymore. What happened?