The financial world typically uses rules and formulas to evaluate risk. Credit-rating agencies assign ratings on the basis of specific metrics such as debt-to-EBITDA ratios and interest coverage.

There can be little doubt that the 90-day pause on tariffs for most countries that Donald Trump announced abruptly on April 9th was driven by worries about the bond market. A jump in yields in America ...

Suppose you wanted to construct a new index to track the US stock market. What would you use as a model? The Dow Jones Industrial Average might be an option, but it’s hardly representative of the ...

We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit ...

The researchers looked at a decade’s worth of shopping data in states where marijuana was legalized. Analyzing the panel data from 48 states and about 20 million weekly household purchases made over a ...

One observation is that the ease of bank transfers appears to have changed how the Fed’s monetary policy is absorbed in the market, suggests research by the Ohio State University’s Isil Erel, ...

A prominent economist once told me that macroeconomic policy debates are all about the prime mover to which other variables respond. The implication, he explained, is that you can invert policy ...

Manufacturers, for the most part, don’t run their operations at full capacity. Machines sit idle. Processes are slowed. Macroeconomists have long studied the effects of these costly choices, asking, ...

Speaker: Bahar Taşkesen, Assistant Professor, University of Chicago Booth School of Business Title: Statistical Equilibrium of Optimistic Beliefs Abstract: We introduce the Statistical Equilibrium of ...

The University of Chicago Booth School of Business has received $12 million in commitments from University of Chicago trustee Mary Tolan, MBA ’92 (XP-61), and her husband, Edward Grzelakowski, to ...

The University of Chicago Booth School of Business today announced it has received $12 million in commitments from University of Chicago trustee Mary Tolan, MBA ’92 (XP-61), and her husband, Edward ...

The Advisory Circle for the Tolan Center for Healthcare at the University of Chicago Booth School of Business plays a pivotal role in guiding and supporting our mission. Composed of industry leaders ...