By digging through old bank ledgers, SIEPR Faculty Fellow Chenzi Xu reveals the lasting impacts of financial crises.
As a recession looms over the coronavirus pandemic, SIEPR Senior Fellow Darrell Duffie discusses the volatility of the financial markets and potential stabilizing measures.
“This is a very deep, and potentially very long-lasting macroeconomic shock,” he says.
Still, he finds cause for optimism. “The United States is in a relatively good position, having had a very strong economy coming into this situation.”