China Weathered the Global Recession with an Aggressive Stimulus Package. But Did It Prop Up the Wrong Firms?
A cautionary tale about the unintended consequences of credit expansion.
Researchers: Lin William Cong, Haoyu Gao, Jacopo Ponticelli and Xiaoguang Yang
August 1, 2019
Search data can tell policymakers whether extending unemployment benefits delays job-seeking.
Researchers: Scott R. Baker and Andrey Fradkin
December 5, 2018
Plus, how policymakers can help them manage better.
Researchers: Janice C. Eberly, Lorenz Kueng, Scott R. Baker, Anthony DeFusco and John Mondragon
February 5, 2018
A new study shows that debt isn’t always a liability during a financial crisis.
Researchers: Shai Bernstein, Josh Lerner and Filippo Mezzanotti
January 4, 2018
The regulation’s attempt to prevent people from taking on mortgages they can’t repay may not work as intended.
Researchers: Anthony DeFusco, Stephanie Johnson and John Mondragon
December 1, 2017
The reason isn’t as simple as just feeling wealthier.
Researchers: Anthony DeFusco
February 3, 2017
Yet there are ways business owners can counter these long-term effects.
Researchers: Sara Moreira
January 5, 2017
Even willing buyers were affected by a credit freeze.
Researchers: Efraim Benmelech, Ralf R. Meisenzahl and Rodney Ramcharan
April 4, 2016
Unpacking the insurance giant’s collapse during the 2008 financial crisis.
Researchers: Robert McDonald and Anna Paulson
August 3, 2015
Ample cash reserves aid households when faced with the unexpected.
Researchers: Scott R. Baker
December 1, 2014
A pioneering study reveals that the benefits of unemployment insurance include reductions in mortgage defaults and improved access to credit.
Researchers: Joanne W. Hsu, David A. Matsa and Brian Melzer
August 4, 2014
Globalization and the U.S. dollar are as much to blame as banks.
Researchers: Ravi Jagannathan, Mudit Kapoor and Ernst Schaumburg
July 1, 2013