The Macro Finance Research Program (MFR) will expand our understanding of how financial markets affect the economy as a whole and, conversely, how the macroeconomy influences financial markets. It will do so by bringing together a community of elite scholars with common ambitions to tackle these important challenges. The program operates under the auspices of the Becker Friedman Institute with generous funding support from The University of Chicago Booth School of Business.

Through sponsored research projects, conferences, and interactions with visiting scholars, this program focuses on these fundamental questions:

How do we best capture the interplay between monetary and fiscal policy?

How do we construct models and measurements that will better support the prudent oversight of system-wide risks to the financial system?

How do we provide a more coherent assessment of the financial obligations of government?

How does the credit cycle influence the business cycle, and how does the business cycle affect the credit cycle?

What broader lessons can we extract from country-specific monetary and fiscal histories?