Recent evidence suggests an increasing risk of natural disasters of the magnitude of hurricane Katrina and Sandy. Concurrently, the number and volume of flood insurance policies has been declining since [...]
We study the market for ratings agencies in the commercial mortgage backed securities sector leading up to and including the financial crisis of 2007–2008. Using a structural model adapted from [...]
As regions across the United States are experiencing high and rising house prices, inclusionary zoning is increasing in popularity as a tool to increase the availability of affordable housing for [...]
After excessive leverage, the largest problem with Wall Street and the financial sector as it exists today is that we rely on it as an essential feature of many policies [...]
The $2.8 million in damages that Katy Perry and those involved in the production of the song “Dark Horse” must pay to the Christian rapper Marcus Gray (AKA Flame) for [...]
If you listen to the representatives of patent-intensive industries, particularly in the field of prescription drugs, you will be led to believe that these firms provide life-saving innovations (true) that [...]
Say what you will about Bill Barr’s Department of Justice, but apparently a few G-Men are Zeppelin fans. The Department of Justice filed an amicus brief in support of Led [...]
News and Commentary Matt Stoller has an interesting issue of his BIG newsletter describing the inequality in how the Fed sets interests rates and, more importantly, who gets to borrow [...]
The 2008 crisis created a need to rethink many aspects of economic theory, including the role of public intervention in the economy. On this issue, we explore the Barro-Ricardo equivalence, [...]
A series of statutory provisions codified at Title 12 of the U.S. Code empower special government officials known as supervisors to examine banks and tell bankers what to do, not [...]