Codirectors

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.

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.
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Borrowing on credit cards is an important source of finance for many small businesses. In Credit Card Entrepreneurs (NBER Working Paper 33618), Ufuk...

The traditional 30-year, fixed-rate, nonassumable mortgage used by most home buyers in the United States can create strong disincentives to move when...

Initiatives to mitigate societal challenges have historically been financed primarily with public and philanthropic resources. In Blended Finance (NBER Working...