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...
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.
The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Tamma Carleton, Michael Greenstone, Solomon Hsiang, Andrew Hultgren, Robert E. Kopp, Kelly E. McCusker, Ishan Nath, James Rising, and Ashwin Rode
This paper produces the first estimates of local damages from climate change, reflecting heterogeneous exposure and responses to climate for ∼25,000 globally comprehensive regions. Global damages from a marginal ton of CO2 emissions (i.e., the social cost of carbon) are...
Dmitri Koustas, Michael Weber, and Constantine Yannelis
How does uncertainty about future government policy affect households’ beliefs and subsequent borrowing, spending and debt payment behavior? We study these questions through the lens of student loan forgiveness in the United States, which following electoral promises, was announced in...
Recent enthusiasm for field experiments, and especially for natural field experiments (NFEs), in which subjects go about their daily activities unaware that any study is taking place, has sometimes been read as a verdict against the laboratory. I argue that...
Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most flexible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital structure. Sticky-price firms increased leverage more than flexible-price firms following the staggered implementation of the Interstate Banking and Branching Efficiency Act across states and over time, which we use in a difference-in-differences strategy. Firms’ frequency of price adjustment did not change around the deregulation.
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...
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.
The Predoctoral Research in Economics Program (PREP) is intended to serve as a bridge between college and graduate school for students interested in empirical economics. The program offers unique research and professional training opportunities at the University of Chicago.
Expanding Discovery in Economics+ (EDE+) brings together a diverse group of early undergraduate students to hone their research abilities and technical skills.
Tamma Carleton, Michael Greenstone, Solomon Hsiang, Andrew Hultgren, Robert E. Kopp, Kelly E. McCusker, Ishan Nath, James Rising, and Ashwin Rode
This paper produces the first estimates of local damages from climate change, reflecting heterogeneous exposure and responses to climate for ∼25,000 globally comprehensive regions. Global damages from a marginal ton of CO2 emissions (i.e., the social cost of carbon) are...
Dmitri Koustas, Michael Weber, and Constantine Yannelis
How does uncertainty about future government policy affect households’ beliefs and subsequent borrowing, spending and debt payment behavior? We study these questions through the lens of student loan forgiveness in the United States, which following electoral promises, was announced in...
Recent enthusiasm for field experiments, and especially for natural field experiments (NFEs), in which subjects go about their daily activities unaware that any study is taking place, has sometimes been read as a verdict against the laboratory. I argue that...
Captivating and informative videos on the latest insights and trends as well as the tested stock of knowledge in economics from leaders in academia, policy, business, and the media.
