Purpose The purpose of this paper is to examine the status of small-business lending following the recession. Design/methodology/approach The authors survey the literature and analyze recent surveys of small-business lending. Findings The results reinforce the importance of owner equity as a...

We survey the literature on how small businesses in the United States finance themselves. Our results demonstrate the important role that the financial services industry, particularly bank credit, plays in the capital structure of small firms. The results also reinforce the importance of owner...

This paper describes how to implement and run a game for teaching the principles of money and banking to an undergraduate economics class. The game primarily deals with the market for loanable funds, but numerous extensions are provided to cover topics such as monetary policy, the tools of the...

Western elites and the general public agree that foreign intervention is needed to halt the dramatic rise of the Islamic State of Iraq and Syria (ISIS). Policymakers hope to militarily defeat ISIS while also resolving the civil crises in Iraq and Syria that allowed the group to flourish. In the...

We investigate the effect of certificate-of-need (CON) laws on the quality of hospitals. As of 2015, 36 states and the District of Columbia required healthcare providers to seek approval from a state s healthcare regulator before making any major capital expenditures. These requirements restrict...

Policymakers behavioral economics toolbox contains both paternalistic and nonpaternalistic nudges. In the case of paternalistic nudges, policymakers identify the optimal choice for consumers and then push consumers toward that choice by setting default options or manipulating loss aversion. In...