Each year, Fed staff members publish hundreds of papers and others forms of research, sometimes in collaboration with scholars from universities and other institutions, all of it available for use by the research community and on view to the public. Conferences play an integral role in promoting the Federal Reserve’s research mission as well.
At some point it is also going to be the case that too much reliance on debt financing alone – no matter the form – will constrain a firms’ flexibility. Hence, many firms will inevitably rely on some combination of both external equity and debt for their financing. Naturally equity finance comes at an additional cost, which is essentially a share of future profits.