Category: Economics

Last week, Jean-Marie Baland (who was my colleague while I was on research leave at the University of Namur last year, and who is himself on leave at Harvard this year) was visiting Duke. One of the two talks Jean-Marie gave was about “The Distributional Implications of Group Lending,” in which him and his coauthors show that in most cases, group lending is more beneficial to the middle class than it is to the poor.