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Program Directors

Schoar Headshot

Antoinette Schoar is the Michael M. Koerner (1949) Professor of Finance and Entrepreneurship at the MIT Sloan School of Management. Her research includes entrepreneurship and small business finance, household finance, and intermediation in retail financial markets. She has been an NBER affiliate since 2001.

Sufi headshot

Amir Sufi is the Bruce Lindsay Professor of Economics and Public Policy at the University of Chicago Booth School of Business. His research focuses on finance, macroeconomics, and the links between the two. He has been an NBER affiliate since 2009.

Featured Program Content

The Fed’s Monetary Tightening and the Risk Levels of US Banks image
  • Article
  Between March 7, 2022, and March 6, 2023, the Federal Reserve increased the federal funds rate by nearly 4.5 percentage points. This led to a $2.2...
Bank Liquidity and the Dynamics of the Fed’s Balance Sheet figure
  • Article
In the wake of the global financial crisis of 2007–09, the Federal Reserve embarked on an ambitious program of quantitative easing (QE), purchasing large...
The Outsize Role of Immigrants in US Innovation
  • Article
Immigrant inventors are key contributors to innovation in the United States, both through their direct productivity and through the spillover effects of...
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