The lockdown continues and so does our research, but you are not alone in this! The Finance, Law and Economics Working Group is ready to start with its first meetup on Wednesday, April 8th at 5 pm CET.During our first meetup, we will discuss with Dr. Orkun Saka about his last paper "Financial Policymaking after …

1st YSI/FLE meetup in the age of coronavirus Read More »

The lockdown continues and so does our research, but you are not alone in this! Join the Finance, Law and Economics Working Group for its second meetup on Wednesday, April 15th at 5 pm CET.In the next meetup, we will discuss with Martino Reviglio about his work on "Multinational Companies and The Business Cycle" (See …

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The COVID-19 crisis is stress-testing not just economies, but our economic paradigms and analytical tools. The 2008 crisis revealed that financial systems are networks, and COVID-19 showed how viral contagion and conventional tools (monetary creation) plus lockdowns can bring on recession, depression or conflict. Current single-minded focus on flows and monetary creation to deal with …

Andrew Sheng: New Data, New Systemic Analyses for Novel Pandemic Crises Read More »

Money is hierarchical and during crises, rules are flexible at the core and rigid at the periphery. In this crisis, the penalty rate part of Bagehot’s rule was replaced with “friendly” rates for the core – with Covid-19 there is no moral hazard in lending to the core of the system at low rates. (...) …

Zoltán Pozsár: Financial stability in the age of Covid-19 Read More »

The lockdown continues and so does our research, but you are not alone in this! After one week of pause, join the Finance, Law and Economics Working Group for its third meetup on Wednesday, April 29th at 5 pm CET.In the next meetup, we will discuss with Arletta Gorecka about her research on the challenges …

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