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Research Briefs·Oct 28, 2026

Capital-Skill Complementarity Beyond Firm Boundaries

New machinery raises demand for workers with STEM degrees, though not at the firms purchasing the machinery, but instead at the outside suppliers that install, integrate, and service the machines.
Research Briefs·Oct 27, 2026

Crime in Covid Times

Between 2019 and 2021, a nationwide increase in gun homicides pushed the U.S. murder rate up by a third, before it fell almost as quickly. This COVID-era swing has been hard to explain because it defies the canonical economic model...
Podcasts episode·Oct 27, 2026

Do Age Verification Laws Work? Evidence from Adult Websites

Since 2023, 25 states have passed laws requiring adult websites to verify visitors’ ages. Meanwhile, total time spent on these sites has fallen by only about 10%. In this episode, UChicago economist Matthew Brown discusses new research that uses browsing...
Research Briefs·Oct 22, 2026

(How) Do We Teach Emotions?

Educational materials can help children learn about emotions, but textbooks and children’s books present emotions differently in words and images. While the text includes a wide range of emotions, images overwhelmingly show happiness and calm, and demand for positive imagery...

Latest Frontier Research

BFI Working Paper·Nov 3, 2026

The Price and the Quantity of Bank Money

Banks create money when they lend. We ask what determines its price and quantity in an economy without fiat money, reserve requirements, or a central bank. We study an overlapping-generations economy in which, by assumption, loans are nominal and settled...
BFI Working Paper·Nov 3, 2026

Deconstructing Job Search Behavior

Using online job board data, we study the key factors driving application decisions for unemployed and employed job seekers. We identify relevant job consideration sets using a network approach based on co-application patterns. We document how demographics and ad timing...
BFI Working Paper·Nov 2, 2026

Risk and Return in Government Bonds

Does the compensation investors require for holding government bonds vary with their risk? We measure expected excess returns using market yields and professional forecasts of future yields, showing that they are tightly linked to a standard measure of risk: bonds’...

Past Events

Nov 4
Event·Nov 4, 2026, 5:30 PM·Chicago Council Conference Center, 130 E Randolph Street

How to Win a Trade War

by The Chicago Council for Global Affairs
Nov 2
Workshops·Nov 2, 2026, 12:00 PM·Charles M. Harper Center | Room 3B

Fall 2026 Behavioral Economics Seminar Series

by Francesca Bastianello and Avner Strulov-Shlain
Oct 27
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Upcoming Events

Nov 4
Event·Nov 4, 2026, 5:30 PM·Chicago Council Conference Center, 130 E Randolph Street

How to Win a Trade War

Organizers: The Chicago Council for Global Affairs
Nov 5
Becker Brown Bag·Nov 5, 2026, 12:00 PM·Institute for the Study of Ancient Cultures, Breasted Hall

BFI Student Lunch Series – How to Win a Trade War: An Optimistic Guide to an Anxious Global Economy with Soumaya Keynes

Nov 6
Workshops·Nov 6, 2026, 12:45 PM·Saieh Hall for Economics, Rm 021 , 5757 S. University, Chicago, IL, United States, 60637

Fall 2026 Development Lunch Workshop

Organizers: Erin M. Kelley, Gregory Lane, and Eduardo Montero
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About BFI

About

About the Becker Friedman Institute

The Becker Friedman Institute for Economics (BFI) serves as a hub for cutting-edge analysis and research across the entire University of Chicago economics community, uniting researchers from the Booth School of Business, the Kenneth C. Griffin Department of Economics, the...
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Our Legacy

Inspired by our namesakes, Nobel Laureates Gary Becker and Milton Friedman, who believed that economics research could help improve the world, BFI works with the Chicago Economics community to turn its evidence-based research into real-world impact.

Our Team

University of Chicago faculty members and other accomplished economists set the goals and direction of the Institute.
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