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Let’s Not Pursue the Volcker Rule

igmforum editor - March 3rd, 2010

U.S. Monetary Policy Forum; New York, New York
Frebruary 26, 2010

On Friday February 26, the IGM hosted its annual “ U.S. Monetary Policy Forum

 

Started by faculty members from the Initiative on Global Markets at the University of Chicago Booth School of Business

Global markets have generated confusion among policymakers and the public. The IGM promotes sound analysis of how these markets work, their effects, and the way they interact with policies and institutions.

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Housing Bubble Fueled Consumer Spending

by Atif Mian and Amir Sufi
Wall Street Journal, June 25th, 2009

Using research funded by the Initiative on Global Markets at the University of Chicago’s Booth School of Business, Professors Atif Mian and Amir Sufi argue that the “rise in house prices from 2002 to 2006 was a main driver of economic growth during this time period, and the subsequent collapse of house prices is likely a main contributor to the historic consumption decline over the past year.”

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