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.
Joséphine Gantois, Anouch Missirian, Evelina Linnros, Anna Tompsett, Amir Jina, Gordon C. McCord, and Eyal Frank
Monitoring systems for disaster prevention are costly, and measuring benefits is difficult when monitoring effort is endogenous. We provide the first causal estimate of one such system’s impact using three decades of desert locust monitoring data. We document conflict-induced interruptions...
Fernando Alvarez, David Argente, Joyce Chow, and Diana Van Patten
Data centers are the physical infrastructure behind cloud computing, artificial intelligence, and enterprise software. The rapid diffusion of artificial intelligence (AI) is intensifying demand for compute, accelerating investment in data centers, and raising concerns about the local economic and environmental...
We identify a novel behavioral driver of environmental performance. An increase in country-level consumer sentiment leads to sustained reduction in emission intensity over a multiyear horizon. Since consumer sentiment increases investment, productivity, energy efficiency, and stock market returns, a plausible...
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.
We develop a theory of how corporate lending and financial intermediation change based on the fundamentals of the firm and its environment. We focus on the interaction between the prospective net worth or liquidity of an industry and the firm’s internal governance or pledgeability. Variations in prospective liquidity can induce changes in the nature, covenants, and quantity of loans that are made, the identity of the lender, and the extent to which the lender is leveraged. We offer predictions on how these might vary over the financial cycle.
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.
Joséphine Gantois, Anouch Missirian, Evelina Linnros, Anna Tompsett, Amir Jina, Gordon C. McCord, and Eyal Frank
Monitoring systems for disaster prevention are costly, and measuring benefits is difficult when monitoring effort is endogenous. We provide the first causal estimate of one such system’s impact using three decades of desert locust monitoring data. We document conflict-induced interruptions...
Fernando Alvarez, David Argente, Joyce Chow, and Diana Van Patten
Data centers are the physical infrastructure behind cloud computing, artificial intelligence, and enterprise software. The rapid diffusion of artificial intelligence (AI) is intensifying demand for compute, accelerating investment in data centers, and raising concerns about the local economic and environmental...
We identify a novel behavioral driver of environmental performance. An increase in country-level consumer sentiment leads to sustained reduction in emission intensity over a multiyear horizon. Since consumer sentiment increases investment, productivity, energy efficiency, and stock market returns, a plausible...
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.
