Is the Treasury Impotent?

Casey Mulligan

The Economists' Voice, 2008, vol. 5, issue 7, 3

Abstract: The U.S. Treasury has decided to spend some of its $700 billion authority - $250 billion to start - to purchase equity in struggling banks. Casey Mulligan of the University of Chicago argues that this will not have the sought-after effect, and more likely it will have no effect at all.

Date: 2008
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DOI: 10.2202/1553-3832.1466

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