This systematic literature review analyses the recent advances of machine learning and
deep learning in finance. The study considers six financial domains: stock markets, portfolio …

Financial crises have large deleterious effects on economic activity, and as such have been
the focus of a large body of research. This study surveys the existing literature on financial …

Climate-related financial risks (CRFR) are now recognised by central banks and supervisors
as material to their financial stability mandates. But while CRFR are considered to have …

Populism at the country level is at an all-time high, with more than 25 percent of nations
currently governed by populists. How do economies perform under populist leaders? We …

What is the aggregate real rate of return in the economy? Is it higher than the growth rate of
the economy and, if so, by how much? Is there a tendency for returns to fall in the long run …

This paper introduces a new long-run data set based on archival data from historical waves
of the Survey of Consumer Finances. Studying the joint distribution of household income …

The trend in the world real interest rate for safe and liquid assets fluctuated close to 2% for
more than a century, but has dropped significantly over the past three decades. This decline …

A Financial Times Best Book of the Year" A must-read, with key lessons for the future."—
Thomas Piketty A groundbreaking examination of austerity's dark intellectual origins. For …

The difference in the average wealth of Black and white Americans narrowed in the first
century after the Civil War, but remained large and even widened again after 1980. Given …

This paper demonstrates that neutral real interest rates would have declined by far more
than what has been observed in the industrial world and would in all likelihood be …