On the Stress Test: Where is MacArthur When We Need Him?

April 24, 2009

The details regarding the procedures employed in the so-called “stress tests” were released today.  The results will be made public next Friday, but we can already tell that there are three serious problems with the SCAP. These shortcomings involve the starting point, the ending point and the paths assumed in the exercise…

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FACULTY DIRECTOR
Edward Eagle Brown Professor of Economics
Finance and Richard N. Rosett Faculty Fellow


RESEARCH INTERESTS
Banking
Business Cycles
Corporate Finance
Price Setting
Monetary Policy