The April issue of RFS has published! The Editor’s Choice paper is: “The Fed and the Secular Decline in Interest Rates” by Sebastian Hillenbrand

“Is Fraud Contagious? Social Connections and the Looting of COVID Relief Programs” by John M. Griffin, Samuel Kruger, and Prateek Mahajan

“Heterogeneous Oil Supply Elasticities: Indebtedness and Production Responses to the COVID-19 Shock” by Sergei Seleznev and Veronika Selezneva

“Agency MBS as Safe Assets” by Zhiguo He and Zhaogang Song

 “The Pace of Change: Socially Responsible Investing in Private Markets” by Deeksha Gupta, Alexandr Kopytov, and Jan Starmans

“Falling Behind: Has Rising Inequality Fueled the American Debt Boom?” by Moritz Drechsel-Grau and Fabian Greimel