Clips from the McKinsey newsletter Intersection
Changing the face of entrepreneurship—and the Fed
We consider the landmark confirmation of Dr. Lisa D. Cook to the U.S. Federal Reserve Board. Plus: how expanding access to the innovation economy would increase U.S. GDP—and Americans’ standards of living.
For every dollar of white wealth in the US, Black families have 12 cents
We look at an effort to eliminate America’s racial wealth gap—and at how closing the gap would boost U.S. GDP.
Some gifts you might have forgotten
We look at how intergenerational transfers are driving the disparity between the wealth flowing into Latinx and White families in the U.S.
For more of my work on financial inclusion and America’s racial wealth gap, see Racial Equity.
For more on the economic status of women, see Women & Wealth.
Yale Case Study
The Portuguese Guarantee Scheme
October 2020
Case study on a Portuguese program aimed at promoting the liquidity of solvent credit institutions as part of the European policy response to the global financial crisis. Written during my time as a Research Associate at the Yale School of Management and later published in the Journal of Financial Crises, a publication of the Yale Program on Financial Stability. I also conducted extensive research on other financial crisis interventions, including the Federal Reserve’s Term Securities Lending Facility (TSLF).
Julia Arnous 