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Let’s Not Pursue the Volcker Ruleigmforum editor - March 3rd, 2010
U.S. Monetary Policy Forum; New York, New York On Friday February 26, the IGM hosted its annual “ U.S. Monetary Policy Forum
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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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By Luigi Zingales, Paola Sapienza, and Luigi Guiso
The Economist, June 26th, 2009
Professors Zingales, Sapienza, and Guiso’s new research examines American homeowners’ propensity to default when the value of a mortgage exceeds the value of their house, even if they can afford to pay their mortgage.
For additional information, please see Professors Zingales, Sapienza and Guiso’s paper, Moral and Social Constraints to Strategic Defaults on Mortgages.