- | Financial Markets Financial Markets
- | Policy Briefs Policy Briefs
Did Basel III Regulations Dampen Lending at Large Banks?
In Q1 2013, when US regulators began implementing guidelines proposed by the Basel Committee on Bank Supervision (BCBS) at the
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Which Trading Assets Drove Too-Big-to-Fail Subsidies During the 2007–2009 Crisis?
The post-crisis consensus on regulation may have been wrong all along. Read more at FinRegRag.
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Frances Coppola on the Macroeconomics of Helicopter Drops
Frances Coppola is a former banker, financial writer, and an author of a recent book titled, The Case for People’s Quantitative

- | Urban Economics Urban Economics
- | Expert Commentary Expert Commentary
The Myth about Bubble Buyers
In previous posts, I have outlined some ways in which supply and demand play out in housing markets. Since home buyers are both

- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
On Bank Size and Bank Asset Holdings
We have so far explored the relatively recent decline in the large number of banks in the US, as well as the long-term

- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Historical Perspectives on the Number of Banks
In this series, we discuss the historical rise and recent decline in the number of banks operating in the US. The number of

- | Financial Markets Financial Markets
- | Mercatus Original Podcasts Mercatus Original Podcasts
Preventing Bank Failures from Becoming Bank Crises
Today’s episode is part two in our resiliency series. Last time we talked housing and the financial crisis, and we’re not

- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
The Danger in Using Monetary Policy to Address Housing Affordability
One of the factors that played a role in the Great Recession was the excessive amount of debt-fueled consumption that led up to
- | Expert Commentary Expert Commentary
Worried about a recession? Cautious optimism is more fitting
Bruce Yandle urges a cautiously optimistic outlook on the economy.Read it at the Washington Examiner.
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
Money Demand and Seignorage Maximization before the End of the Zimbabwean Dollar
Unlike most hyperinflations, during Zimbabwe’s recent hyperinflation, as in Revolutionary France, the currency ended before the
- | Monetary Policy Monetary Policy
- | Podcast Appearance Podcast Appearance
- | Macro Musings Macro Musings
Were We All Wrong about the Great Recession?
David Beckworth: Our guest today is Kevin Erdmann. Kevin is the author of a new book titled [Shut Out: How a Housing Shortage

- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Was the Financial Crisis Actually Caused by a Housing Shortage?
Economists and pundits have told us repeatedly that the financial crisis was all about excess: too much credit, too much money

- | Government Spending Government Spending
- | Expert Commentary Expert Commentary
10 Things to Know about the Shutdown (and How It Might End)
It’s that time of year again! Not just the new year; it’s also time for another shutdown showdown over a contentious spending

- | Financial Markets Financial Markets
- | Working Papers Working Papers
The Informational Efficiency of Cross-Listed Securities and the Quality of Institutions
Financial market failures are often followed by calls for government intervention to correct issues such as unstable prices or
- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Victoria Guida on the Politics of Monetary Policy
While transcripts are lightly edited, they are not rigorously proofed for accuracy. If you notice an error, please reach out to

- | Expert Commentary Expert Commentary
Stay Calm, There's No Recession in Sight
Bruce Yandle argues that, despite some sensational claims, the US is not at risk of immediate recession.
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
The Recourse Rule and Its Role in the Last Crisis: An Update
Last year, I wrote a blog post in which I discussed my findings from a working paper that showed how the so-called “Recourse
- | Monetary Policy Monetary Policy
- | Working Papers Working Papers
The Fisher Effect and the Financial Crisis of 2008
As we approach the 10th anniversary of the Great Recession, a new analysis of the evidence suggests that, before the September
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
Was Housing Undersupplied During the Housing Bubble?
The lack of a strong recovery since the 2007–08 financial crisis has been a central theme of many economic discussions over the

- | Monetary Policy Monetary Policy
- | Policy Briefs Policy Briefs
Housing Was Undersupplied during the Great Housing Bubble
The lack of a strong recovery since the 2007–08 financial crisis has been a central theme of many economic discussions over the