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Is allowing borrowers to suspend mortgage payments an effective way to stabilize the economy during a recession? In a new working paper, Omeed Maghzian and I attempt to…

This paper estimates the impact of household liquidity provision on macroeconomic stabilization using the 2020 CARES Act mortgage forbearance program. We leverage…

In studying the ability of places to attract and deploy capital in support of low and moderate income communities, the Initiative for Responsible Investment and our…

In the Spring of 2017, the Initiative for Responsible Investment interviewed a number of awardees of the Partnerships for Raising Opportunity in Neighborhoods, better known…