- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Srinivas Thiruvadanthai on the Sectoral Financial Balance Approach to Macroeconomics
David Beckworth: Our guest today is Srinivas Thiruvadanthai. Sri is a managing director and the director of research at the

- | Expert Commentary Expert Commentary
Key to Financial Stability is Higher Capital Requirements, Policy Analyst Argues
There is no substitute for adequate capital requirements to maintain stability in the financial system, policy analyst Gregg

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Income Inequality and Automatic Stabilizers
David Beckworth: Our guest today is Heather Boushey. Heather is the Executive Director at the Washington Center for Equitable

- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
On the Historical Rise and (Recent) Decline in the Number of Banks
In our previous post, we showed that in spite of the decline in the number of banks in the US, most banks are still small. In

- | Monetary Policy Monetary Policy
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Macro Musings Macro Musings
Andrew Park on Loans, the Financial System, and the Economy
Andrew Park is a senior editor at S&P LCD and is one of the foremost experts on collateralized loan obligations and the leverage

- | 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

- | Expert Commentary Expert Commentary
New Research: Businesses Using Online Platforms and Machine-Readable Financial Reports
Businesses on Facebook and Propensity to Export: AustraliaChristine McDaniel and Danielle Parks | Policy SpotlightFrom the paper

- | Urban Economics Urban Economics
- | Working Papers Working Papers
Applying XBRL to US State and Local Government Audited Financial Reports
Ten years after the Securities and Exchange Commission mandated the conversion of corporate financial statements to machine
- | 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
- | Regulation Regulation
- | Expert Commentary Expert Commentary
Did the Gramm-Leach-Bliley Act Deregulate?
November 12, 2018 marked the nineteenth anniversary of the enactment of the Financial Services Modernization Act of 1999

- | Urban Economics Urban Economics
- | Mercatus Original Podcasts Mercatus Original Podcasts
- | Mercatus Policy Download Mercatus Policy Download
How Healthy Are Your State's Finances?
After more than a year of debating federal tax cuts, a return to trillion dollar deficits, and the fiscal condition of the

- | 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
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Bubble World Is Here
Does the fact that stock prices are exceeding the traditional measurements of valuation mean that the market has a bubble? Scott
- | Monetary Policy Monetary Policy
- | Expert Commentary Expert Commentary
The Market And The Fed
Scott Sumner discusses whether the Federal Open Market Committee knows (or should know) more about its future actions than the
- | Technology and Innovation Technology and Innovation
- | Expert Commentary Expert Commentary
Was The 1999-2000 Tech 'Bubble' A Bubble?
Scott Sumner responds to arguments that the NASDAQ was consistently overpriced from 1999-2000 at Seeking Alpha. Read: Was The
- | Financial Markets Financial Markets
- | Expert Commentary Expert Commentary
Minneapolis Fed’s ‘Too Big to Fail’ Proposal Still Too Complex
The Federal Reserve Bank of Minneapolis recently published a final version of an earlier draft that claims to make “a stronger
- | Financial Markets Financial Markets
- | Working Papers Working Papers
The Recourse Rule, Regulatory Arbitrage, and the Financial Crisis
In retrospect, it’s easy to point to supply-side factors, such as greed and weaker lending standards, as causes of the recent

- | Regulation Regulation
- | Expert Commentary Expert Commentary
No, Mr. Tarullo, We're Not All Macroprudentialists Now
Federal Reserve Governor Daniel Tarullo recently lauded the "macroprudentialism". However, macroprudentialists' intensifying focus on the asset management industry offers the latest glimpse into how such an approach could undermine financial stability. Regulators are not wrong to think about the stability of the whole financial system. They are wrong, however, to assume that centralized risk management will foster systemic stability. Instead, it will introduce new vulnerabilities into the financial system.
- | Financial Markets Financial Markets
- | Research Papers Research Papers
Inflation Targeting: A Monetary Policy Regime Whose Time Has Come and Gone
Inflation targeting emerged in the early 1990s and soon became the dominant monetary-policy regime. It provided a much-needed nominal anchor that had been missing since the collapse of the Bretton Woods system.
- | Financial Markets Financial Markets
- | Working Papers Working Papers
Securities Lending and the Untold Story in the Collapse of AIG
Even five and half years after AIG’s bailout, it is not too late to learn from the regulatory failures associated with AIG’s collapse and to consider their policy implications.