finance

The Hidden Financial Risks of the AI Boom

A person in a suit smiles in a sunlit room Professor Joao Gomes, Wharton's Senior Vice Dean of Research, Centers, and Academic Initiatives, recently joined Knowledge at Wharton's This Week in Business podcast to discuss the accelerating investment in artificial intelligence. He argues that policymakers should look beyond inflation and pay closer attention to how the boom is being financed.…Read More

Itay Goldstein’s Reflections from the Jackson Hole Economic Policy Symposium

Professor Itay Goldstein speaks at the Jackson Hole Economic Policy Symposium At the 2026 Jackson Hole Economic Policy Symposium, Professor Itay Goldstein joined leading economists and policymakers for a discussion on how financial innovation is reshaping banking and payments. Professor Goldstein served as discussant for “Stablecoin Risk,” a paper by Christine Parlour, Uday Rajan, and Haoxiang Zhu examining how a shift…Read More

Mispricing Climate Risk: How Insurance Fragility Shapes Mortgage Markets

A person's professional headshot on the left, with text on the right that reads, "Parinitha Sastry, Assistant Professor of Finance at Wharton. On “When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets” Professor Parinitha Sastry and her co-authors Ishita Sen and Ana-Maria Tenekedjieva won the 2025 Marshall Blume Prize in Financial Research for their working paper, "When Insurers Exit: Climate Losses, Fragile Insurers, and Mortgage Markets." Their study examines how mispricing of climate risk in mortgages and property insurance creates large taxpayer…Read More

Announcing the Winners of the Marshall Blume Prizes in Financial Research

Three people smile for a group photo holding prize boxes The winners of the Marshall Blume Prizes for 2025, from left to right: Courtney Wiegand, Parinitha Sastry, and Lu Liu. Photo taken by Luke Taylor. The Marshall Blume Prizes in Financial Research are awarded annually by the Rodney L. White Center for Financial Research to the best unpublished working papers…Read More

Itay Goldstein on AI’s Opportunity and Risk in Finance

A speaker addresses an audience with one hand raised, before a blue pop up banner "Regulators need to move with the frontier, understand how markets evolve, and take actions as needed." – Itay Goldstein Artificial intelligence is rapidly reshaping the finance sector, and posing enormous questions for professionals, regulators, and researchers about how the field will navigate the massive potential and systemic risks that come…Read More

Social Security and Measuring Wealth Inequality

A headshot of a person smiling before a grey background. A caption reads "Discoveries: Sylvain Catherine" Professor Sylvain Catherine and his co-authors Max Miller and Natasha Sarin were named winners of the Dimensional Fund Advisors First Prize from the American Finance Association for their paper, “Social Security and Trends in Wealth Inequality,” published in the Journal of Finance. The award places Professor Catherine among a select…Read More

Correlation Neglect: Challenging the Unpredictability of Monthly Returns

A person smiles toward the viewer with the caption, "Jessica Wachter: Dr. Bruce I. Jacobs Professor in Quantitative Finance. On 'Correlation Neglect in Asset Prices.'" What if investors aren’t processing information as efficiently as we’ve assumed? In a new paper, "Correlation Neglect in Asset Prices," Wharton Professor Jessica Wachter and her co-author Hongye Guo reveal a striking pattern in U.S. stock market returns tied to the quarterly earnings cycle. Their research shows that investors systematically…Read More

Max Harris on the Future of Money

A person in a suit smiles for a headshot As new technologies reshape the global financial landscape, Wharton voices lead the discussion. Max Harris, senior fellow at the Wharton Initiative on Financial Policy and Regulation (WIFPR), recently served as Project Director for the Group of Thirty’s (G30) new report, "The Past and Future of Money: New Technologies and Economic…Read More

Wharton Welcomes Three New Finance Professors

Finance at Wharton Logo Meet Wharton’s newest Finance Department faculty members: Victor Orestes Research Spotlight: Corporate Effects of Monetary Policy: Evidence from Central Bank Liquidity Lines More about VictorVictor Orestes is an Assistant Professor of Finance at Wharton. His research explores the corporate effects of monetary policy, the macro-financial links between tariffs, exchange rates,…Read More

Future of Finance Season 2

"Future of Finance" in large white font before a dark blue background The financial world has gone through a seismic shift as cryptocurrency, blockchain, and digital assets reshape how we invest, transact, and regulate money. “Future of Finance: The Rise of Crypto and Digital Money” takes a deep dive into cryptocurrency, featuring insights from leading experts at the forefront of the crypto…Read More