Do banks give credit where credit’s needed?

During the Great Recession, low interest rates and stimulus programs encouraged banks to offer borrowers more credit, but most of it went to the consumers who needed it least—and for whom it had the smallest impact on spending. 

When house prices rise, so do retail prices

Higher home prices lead to higher household spending, according to recent academic research. But New York University's Johannes Stroebel and Chicago Booth's Joseph S. Vavra argue that rising prices also lead to retail price inflation.

How much should we pay to mitigate climate change?

Economists and policymakers have yet to reach a consensus about how much we should pay now to avert this catastrophe, but research suggests we may want to pay hundreds of billions of dollars today to ward off trillions in future damages.