Domestic patent, copyright and trademark regimes are traditionally justified on an incentive rationale. While international intellectual property agreements are nominally aimed at harnessing global markets to expand incentives, this article [...]
Since the 2008 financial crisis, banking regulators’ capital enhancement efforts have focused on permitting systemically important financial institutions to issue alternative forms of debt and quasi-debt instruments as a means [...]
Howell, Baker, Glyn, and Schmitt (HBGS) challenge the consensus view (the “orthodox” view, as they call it) on the causes of European unemployment trends. Numerous papers in this literature examine [...]
This report starts by outlining the lax oversight of nonbank financial companies and the systemic-risk regulatory gaps that existed before the 2007–2008 financial crisis. Next, the report charts the development [...]
The decentralized structure of the Federal Reserve System is evaluated as a mechanism for generating and processing new ideas on monetary and financial policy. The role of the Reserve Banks [...]
The current reliance on patent monopolies is due to the fact that the system is a surviving legacy of the feudal guild system, it is not the result of economic [...]
Homeowners and renters have participated in politics at different rates throughout American history, but does becoming a property owner motivate an individual to access forms of political participation likely to [...]
Previous literature has shown that land use regulations influence where people choose to live within the U.S. by impacting housing prices. In this paper, we study the impact of these [...]
This annual assessment consists of two primary components: The Dodd-Frank Act stress test (DFAST) is a forward-looking quantitative evaluation of bank capital that demonstrates how a hypothetical set of stressful [...]
Housing is the most important asset for the vast majority of American households and a key driver of racial disparities in wealth. This paper studies how residential segregation by race [...]