News in Systemic Risk: Friday, November 14, 2025 (9:45 a.m.) | Yale School of Management

The Federal Reserve's Response to the 2023 Banking Turmoil: The Bank Term Funding Program (David M. Arseneau, Elizabeth Klee, Antonis Kotidis, and Michael Siemer; FRB)

Who has to leave the Federal Reserve next? (David Wessel; Brookings)

Complexity Theory and Economic Inequality (Steven N. Durlauf, David McMillon & Scott Page; NBER)

U.K. Assets Fall on Prospect of U-Turn on Government’s Income Tax Hike Plans (Renae Dyer; WSJ)

ECB’s Elderson welcomes debate on simplification (Central Banking)

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