Tuesday, Jan 23, 2018
A recent study conducted in India, reveals that a flexible repayment option improves borrowers’ business outcomes without undermining repayment rates. Lenders in developing countries need to adopt a more customized approach towards borrowers.
Tuesday, Dec 19, 2017
The need for a more risk-sharing alternative to traditional mortgage debt is the key lesson to be drawn from the Great Recession that is the conclusion of Atif Mian, Director of the Julis-Rabinowitz Center for Public Policy and Finance and co-author of House of Debt, who recently visited the Reserve Bank of New Zealand.
Tuesday, Dec 19, 2017
In the Financial Times article, "How Donald Trump uses tribal loyalty to drive economic optimism" by Gillian Tett, Atif's paper (co-authored with Amir Sufi and Nasim Khoshkhou), states “Partisan bias is exerting a stronger influence on economic expectations over time . . .”
Wednesday, Nov 15, 2017
Uwe Reinhardt, renowned Princeton University health economist and beloved professor, died on November 13, 2017. He was 80 years old.
Monday, Nov 6, 2017
On November 3rd, Mian gave a talk at the IMF's Eighteenth Jaques Polak Annual Reserach Conference, The theme of the conference was The Global Financial Cycle.
Thursday, Oct 26, 2017
Many argue the Great Recession could have been ameliorated through strategic policies, but the government ignored warning signs of coming economic distress. Instead, increased borrowing incited a financial and real estate boom, which resulted in a bubble that eventually burst.
Monday, Oct 23, 2017
Wei Xiong, Trumbull Adams Professor of Finance, Princeton University, presented his recent research on systemic risk in China at the recent conference "Understanding China Today." Xiong noted that real estate is the most important source of systemic risk in China. While housing prices have risen rapidly over the last decade, Xiong is optimistic. He believes that it is unlike that a nation-wide housing market crash or debt crisis will take place in China in the foreseeable future unless China's economic growth were to suffer a very rapid precipitous drop.