2024-11-18
55 分钟Welcome to Macro Musings, where each week we pull back the curtain and take a closer look at the most important macroeconomic issues of the past, present and future.
I am your host, David Beckwourth, a senior research fellow at the Mercatus center at George Mason University.
And I'm glad you decided to join us.
Our guest today is Emil Verner.
Emil is an associate professor of finance at MIT Sloan and a research fellow at the National Bureau of Economic Research.
Emil has written widely on financial stability, banking panics and credit booms and joins us today to discuss them.
Emil, welcome to the program.
Thanks a lot for having me.
Big fan of the show.
Well, it's great to have you, Juan.
And you have quite the publication record already in the top five journals.
Of course, you're at a place where they probably expect the top five journals to be had.
And you're an associate professor at mit.
Great program and just a lot of interesting readers research.
And what really caught my eye is this paper.
It's made a big splash.
Failing banks.
And we're going to get to that.
But really fascinating paper, and I'm hoping it really kind of changes the narrative, the dominant narrative that's out there, the diamond did big model framing.
We'll come back to that point in a bit.