Our mission is to produce leading-edge research on how credit markets and payment systems affect the economy. The Institute sponsors opportunities for scholars, the financial industry, and the public sector to collaborate and share insights on fostering healthy household finances, a stable financial system, and a resilient economy.
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Our researchers span four Bank departments and collaborate with each other and visiting scholars to provide the next level of research.
Meet one of our researchers
Barry Scholnick
Professor of Business Economics, School of Business, University of Alberta
Barry Scholnick, a CFI visiting scholar, employs large administrative databases to conduct empirical research on household finances.
Expertise
- Household Finance
- Peer Effects
- Permanent Income Hypothesis
- Neighborhood Externalities
- Commitment Devices
Featured Publications
- Peers' Income and Financial Distress: Evidence from Lottery Winners and Neighboring Bankruptcies
- Spatial Commitment Devices and Addictive Goods: Evidence from the Removal of Slot Machines from Bars
- The Causes of Household Bankruptcy: The Interaction of Income Shocks and Balance Sheets
- Consumption Smoothing After the Final Mortgage Payment: Testing the Magnitude Hypothesis
- The Impact of ATM Surcharges on Large vs. Small Banks: Is There a Switching Effect?
Publications and Resources
Literature Database
Our continually updated database provides bibliographic citations for journal articles, books, reports, and other publications on consumer credit and payments and links to full-text papers from across the Federal Reserve System.
Search Our Literature Database
