monetary policy

How Fiscal Policy Moves Financial Markets

A person smiles toward the viewer in a professional headshot, before a light purple background Professor Courtney Wiegand’s paper, “The Effect of Fiscal Policy Shocks on Asset Prices,” examines how financial markets respond to unexpected changes in the federal government's deficit outlook, and was awarded with an Honorable Mention at the 2025 Marshall Blume Prize in Financial Research ceremony. By measuring fiscal policy shocks throughout…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