…als (and DeLong’s) explanation of the great depression. The paper does not confront the risk premia forecast by the model for 2008-2014 with the time series of actual risk premia….

…private equity firms, paying off whatever actual investment the private equity firm made in the company. Private equity firms often prioritize short-term gains over the long-term health of the businesses…

…a local hospital out of bankruptcy after its own brush with private equity. During the pandemic, many hospitals owned by private-equity firms, run by billionaires and themselves flush with cash,…

…where, apparently, the Lunch is Free. Rajnish Mehra and the late Ned Prescott published The Equity Premium: A Puzzle in 1985, discovering a possible “free lunch”–a risk-adjusted excess return provided…

…to advance health equity in large part because equity was not prioritized during their design and implementation. Since many such payment programs are budget-neutral, they create winners and losers. Rewarding…

…on an entirely different perspective. So, US equity? What is the value of our assets? What is our equity? Have we mortgaged so much of the equity that we can’t…

…premiums, which you don’t The point (if any) of this post, is that I discussed the policy relevance of of risk premia here I realize that I can’t summarize my…

…private equity in healthcare for over a decade, described core practices used by these firms. When a private equity firm buys a healthcare company, it typically plans to sell the…

…dollar change vs equity extractions from Q1 2001 through Q3 2008 Graph 3 – PCE Dollar Change vs Equity Extractions – ’01 to ’08 The period from Q1, ’01 through…

…New Bill Makes Private Equity’s Death Grip on Hospitals a Crime. by Eileen Appelbaum Center for Economic and Policy Research, Private equity’s entrance into health care since 2000 has been…