News and Commentary A column from VoxEU examines the role of liquidity, as opposed to capital, requirements in macroprudential policy. While liquidity requirements are traditionally viewed in the context of [...]
News and Commentary Matthew Higbee is one of the many copyright trolls engaging in extortive behavior online. But this most recent case is rather interesting: he targeted a nonprofit that [...]
The United States spends more on health care than any other country, with costs approaching 18% of the gross domestic product (GDP). Prior studies estimated that approximately 30% of health [...]
This study examines the effect of policy uncertainty on corporate debt maturity structure. We find that elevated levels of policy uncertainty lead firms to shorten debt maturity, indicating that firms [...]
This paper compares the out-of-sample predictive performance of different early warning models for systemic banking crises using a sample of advanced economies covering the past 45 years. We compare a [...]
Market share of conforming-size, home purchase mortgage originations has steadily and substantially shifted from banking institutions to nonbank lenders over recent years. In 2017, nonbanks originated more than 1.8 million [...]
The economic valuation of intellectual property is an area with which IP professionals still need to fully come to grips with. In the context of Standard Essential Patents (SEPs), the [...]
News and Commentary Bernie Sanders, ever the enemy of Big-X, has repeated the popular claim that it is big tech that is responsible for the housing crisis in Silicon Valley. [...]
News and Commentary A new bill in Pennsylvania, SB 637, which would prevent automatic denial of an occupational license for a criminal conviction, has passed out of committee. Listen to an [...]
News and Commentary Paul Krugman has published an op-ed criticizing "Wall Street snowflakes" for their opposition to Elizabeth Warren's candidacy. Krugman's polemics aside, he makes two important points. First, banks got [...]