All Insights

Insurance is less valuable when people can also smooth their spending using loans. Access to a five-year loan decreases the...

The banking deregulation of the 1980s and 90s provides unique evidence of the way in which banks set up their...

A new commitment rule regarding forums for international insolvency would not only benefit debtors and creditors, but also society at...

Homebuyers who refinance their mortgages more often end up paying less in the long run than those who rarely refinance....

New data on households’ portfolios, including ultra-high-net-worth (UHNW) households, indicate that households play a limited role in stabilizing fluctuations in...

Multinational firms (MNEs) are more likely to trade not only with countries in which they have affiliates, but also with...

This work offers new insights into the effects of persistent fiscal deficits on US inflation, revealing that targeted income redistribution...

With modest transfers per ton of net CO2, Brazil would find it optimal to choose policies that produce substantial capture...