Banking and finance

• Inverted yield curve (nearly always) signals tight monetary policy, rising unemployment

  With long-term interest rates falling and short-term rates rising, there has been increasing talk of a possible yield-curve inversion and speculation about what an inversion might mean for the U.S. economy.

  February 12, 2019

• Working Paper

  Economic Policy Uncertainty and the Credit Channel: Aggregate and Bank Level U.S. Evidence over Several Decades

  Economic policy uncertainty affects decisions of households, businesses, policy makers and financial intermediaries.

  June 29, 2016

• Working Paper

  Why Are Big Banks Getting Bigger?

  The U.S. banking sector has become substantially more concentrated since the 1990s, raising questions about both the causes and implications of this consolidation.

  February 18, 2016

• Working Paper

  Why Does the FDIC Sue?

  Cases the Federal Deposit Insurance Corporation (FDIC) pursues against the directors and officers of failed commercial banks for (gross) negligence are important for the corporate governance of U.S. commercial banks.

  January 25, 2016