Clifford S. Asness landed at Goldman Sachs after earning his PhD from Chicago Booth in 1994. Goldman asked him to set up a “quantitative research desk” and Asness quickly hired two friends, Robert ...

John Edwardson, a veteran businessman with a successful track record at such industry giants as Northwest Airlines, Ameritech, and United Airlines, was most regarded for his achievements as chairman ...

Quantitative easing (QE) shortens the duration of the consolidated public balance sheet by swapping long-term government bonds for short, floating-rate liabilities, thereby shifting interest-rate risk ...

Rising government debt levels around the world are raising the specter that authorities might seek to inflate away the debt. In theoretical settings where fiscal policy “dominates” monetary policy, ...

UChicago researchers are engaged in a series of projects to better understand the impact of the COVID-19 crisis on small businesses and households.

Since 1967, all French firms with more than 100 employees have been required to share a fraction of their excess profits with their employees. Through this scheme, firms with excess profits distribute ...