Chicago Fed research staff members Richard Rosen, Andrew Granato, and Alejandro Drexler (left to right) explain the different kinds of financial protection from natural disasters that homeowners can access from the private and public sectors.

Chicago Fed Letter discusses the role and scope of policy in determining health care prices and the particular policies that have affected the evolution of health care service prices over the past decade.

How have banks responded to the flatter yield curve? Because banks make most of their money by borrowing and lending at different interest rates, the slope of the yield curve has important implications for their profitability and equity values. So, it has the potential to affect banks’ decisions about lending and risk-taking.