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 ...

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, ...

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 ...

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 ...

Throughout his career, Emmanuel Roman, ’87, has possessed an intellectual curiosity that has guided his success. His intense drive and extraordinary knowledge of the financial industry, long praised ...