Chicago Booth

Incentive Structures, Central Banks, and Economic Policies: A Conversation with Raghuram Rajan

Raghuram Rajan is the Katherine Dusak Miller Distinguished Service Professor of Finance at University of Chicago’s Booth School of Business....

Spend or Save? What to Decide When Faced with Financial Emergencies

Behavioral interventions aimed at promoting savings may lead to counterproductive consequences. Researchers find that consumers may borrow high-interest debt in favor of preserving low-interest savings. Policies encouraging savings should be coupled with efforts that promote education on appropriate spending of savings.