NYT discusses work by Atif Mian

Wednesday, Sep 12, 2018

On the 10th anniversary of the collapse of Lehman Brothers, the New York Times' Andrew Ross Sorkin reflects that nearly a decade ago he knew that the crisis would redefine Wall Street and the economy, but didn’t appreciate how fundamentally it would redefine the political environment. In a 2014 paper Atif Mian, Amir Sufi, and Francisco Trebbi studied the link between financial crises and political polarization. "An increase in polarization after banking and financial crises is common and predictable" says Amir Sufi.  Their analysis of data from 60 countries showed that after a banking, currency, or debt crisis, the share of centrist or moderate in a country went down, while the share of of the left- or right-wing radicals went up in most cases. To read the New York Time article click here.  And for more on  Atif Mian, Amir Sufi and Francesco Trebbi's work click here.