The Future of Finance Podcast
Hosted by Professor Itay Goldstein, this limited series takes a deep dive into the cutting-edge insights and pioneering perspectives of innovation experts in the finance industry. Discover the dynamic landscape of financial thought leadership as we explore concepts, groundbreaking research, and predictions that are shaping the future of finance. Part...Read More
“Carbon Burden” and Firms’ Value to Society
How much of a firm’s value to society is hidden by traditional financial metrics? In this interview, Professors Robert Stambaugh and Luke Taylor dive into their study, "Carbon Burden," which is part of the Jacobs Levy Center's working paper series. This paper aims to quantify the U.S. corporate sector’s carbon...Read More
Smt. Nirmala Sitharaman, Minister of Finance and Minister of Corporate Affairs of India Visits Wharton for Fireside Chat
On October 22, 2023, the Wharton Initiative on Financial Policy and Regulation and the Wharton India Economic Forum hosted a special fireside chat with Smt. Nirmala Sitharaman, Minister of Finance and Minister of Corporate Affairs of India. This conversation on the Indian economy and financial system was moderated by Joao Gomes,...Read More
How Will the Federal Debt Impact Future Generations?
On October 23, the Wharton School hosted the inaugural Policies that Work event – a series of discussions with leading thinkers from Wharton about the policies that shape America. As the federal debt continues to reach unprecedented levels, it poses profound challenges to economic stability, government spending, and the financial...Read More
Discussions on Financial Policy and Regulation
The Wharton Initiative on Financial Policy and Regulation (WIFPR) commissions white papers from leading scholars on important topics in financial policy and regulation. Browse the WIFPR white webinars below to hear from experts on topics such as bankruptcy, decentralized exchanges, anti-money laundering, and much more. Rethinking Chapter 11 Bankruptcy Proceedings...Read More
From Algorithms to Alpha: Balancing Technology and Human Expertise
Below is an installment of the series, "From Algorithms to Innovation: AI Redefines the Frontiers of Global Finance" by Sarah Hammer, executive director at the Wharton School. This forward-looking series explores the unique capabilities and unprecedented challenges of generative AI across the financial landscape. In this installment, Sarah Hammer dives...Read More
The Impact of “Mortgage Lock-In” on Homebuyers
During the pandemic, historically low interest rates offered a unique opportunity for prospective homeowners. However, research by Lu Liu, assistant professor of finance at Wharton and Julia Fonseca of University of Illinois at Urbana-Champaign, suggests that locking in those low rates may have had unintended consequences. This paper is a...Read More
AI-Powered Collusion in Financial Markets
The use of artificial intelligence in capital markets is becoming more widespread due to its perceived ability to enhance efficiency. But a recent study by Itay Goldstein and Winston Wei Dou, which is part of the Jacobs Levy Center's working paper series on SSRN, demonstrates the ever-present risk of AI-powered...Read More
From Turing to Trading: How AI is Revolutionizing Finance
This is the first installment of the new blog series, "From Algorithms to Innovation: AI Redefines the Frontiers of Global Finance" by Sarah Hammer, executive director at the Wharton School. This forward-looking series explores the unique capabilities and unprecedented challenges of generative AI across the financial landscape. Take a deep...Read More
A Bite of Finance: The Latest from Wharton
This Bite of Finance newsletter highlights recent ground-breaking research by Wharton’s finance faculty and papers supported by Finance at Wharton. In this July 2024 issue: intermediary elasticity; the impact of perceived environmental health risk on property values and neighborhood composition; how households are exposed to interest rate risk; factors that...Read More
How Expanding Medicaid Impacts Household Debt
Sasha Indarte and Gideon Bornstein, assistant professors of finance at Wharton, investigate how the expansion of social insurance affects households’ accumulation of debt, in their 2023 paper, supported by the Rodney White Center. In this insightful interview, Professor Indarte dives into these findings and discusses their importance in the larger...Read More
Wharton Faculty on Financial Literacy
The Ripple Effect podcast from Knowledge at Wharton presents a series of episodes featuring Wharton faculty, offering their expert insight on financial literacy. Browse the full series below, and listen to a special "Best of: Financial Literacy" episode of Ripple Effect to hear highlights from each installment. How Financial Literacy...Read More
Reflections from a Graduating Jacobs Scholar: Q&A with Zachary Long
Zachary Long, a Jacobs Scholar for the 2023-2024 school year and graduating MBA at Wharton Dr. Bruce I. Jacobs, G’79, GRW’86, co-founder of Jacobs Levy Equity Management The Dr. Bruce I. Jacobs Scholars in Quantitative Finance is an academic award dedicated to exceptional students entering their second year of the...Read More
How U.S. Workers are Impacted by International Taxation
There is a belief among policymakers that a lower foreign tax burden of domestic multinational firms will result in more jobs and increased wages at home. Daniel Garrett, assistant professor of finance at Wharton, challenges this belief in his 2024 paper, "Effects of International Tax Provisions on Domestic Labor Markets,"...Read More
Foreign Investors and their USD Holdings
Over the past two decades, foreign investors have increased their holdings of USD securities – but by how much? Amy Wang Huber, assistant professor of finance at Wharton, gets to the bottom of dollar asset holding and hedging around the globe in her 2023 paper, co-authored with Wenxin Du, and...Read More
The “Growth Stock” Misnomer
This fall has been productive for Sean Myers, an assistant professor of finance at Wharton. His 2022 paper, The Return of Return Dominance: Decomposing the Cross-section of Prices co-authored with Ricardo De la O and Xiao Han has recently won the Rodney L. White Center’s 2022 Marshall Blume First Prize in...Read More