Why Private Equity’s Performance Fees Make Economic Sense
A new theory explains how the pricing structure of alternative investments rewards investors who do their homework.
AI Could Predict the Next Financial Crisis — But There’s a Catch
How regulators could use the predictive power of AI without injecting new risks into the financial system
What If We’re Looking at the National Debt All Wrong?
Jonathan Berk says that focusing on the debt-to-GDP ratio is a distraction.
What If Student Loan Payments Were Tied to Your Paycheck?
Income-based repayment plans lead some borrowers to scale back their incomes, but the benefits outweigh the costs.
Class Takeaways — The Future of Money and Payments
Five lessons in five minutes: Professor Darrell Duffie explores the technologies reshaping how we send and receive money.
Why Wall Street Is Booming While Main Street Is Stagnating
New research finds that major U.S. corporations are growing by buying up their competitors rather than generating new ideas.
