Principles of Macroeconomics equips business students with the economic literacy needed for professional success. The course develops your ability to interpret economic data, understand business cycles, and analyze how Federal Reserve decisions and government policies affect the world around you.
Money and Banking provides an in-depth examination of the US monetary system using a powerful combination of theory, history, and empirical analysis. The topics covered include the history and function of money, the development and role of commercial banking, and US central banking and monetary policy.
This is a crash course in economic problems and public policy. The goal is to build on economic principles and develop an understanding of how modern economists think about public policy.
Using Call Report microdata from 2001 to 2024, this paper shows that 39.2 percent of retail-franchise banks, holding 10.4 percent of sample deposits, fall below the historic 10 percent reserve-buffer benchmark. The lower tail emerged after reserve requirements went to zero and is concentrated among mid-sized, transaction-account-intensive banks.
This project studies whether the Federal Reserve’s 2020 elimination of reserve requirements changed bank balance-sheet allocation and lending.
This paper constructs a more holistic model of M&A activity to produce accurate estimates of merger and acquisition determinants and reveal the bias of previous estimation techniques.