A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Austan D. Goolsbee () and Alan Krueger
Additional contact information
Austan D. Goolsbee: University of Chicago

No 8888, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: This paper takes a retrospective look at the U.S. government's effort to rescue and restructure General Motors and Chrysler in the midst of the 2009 economic and financial crisis. The paper describes how two of the largest industrial companies in the world came to seek a bailout from the U.S. government, the analysis used to evaluate their request, and the steps taken by the government to rescue them. The paper also summarizes the performance of the U.S. auto industry since the bailout and draws some general lessons from the episode.

Keywords: auto industry; auto bailout (search for similar items in EconPapers)
JEL-codes: G01 G33 H0 L50 L62 (search for similar items in EconPapers)
Pages: 35 pages
Date: 2015-02
New Economics Papers: this item is included in nep-his
References: View complete reference list from CitEc
Citations: View citations in EconPapers (22)

Published - published in: Journal of Economic Perspectives, 2015, 29 (2), 3–24

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Related works:
Journal Article: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler (2015)
Working Paper: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler (2015)
Working Paper: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler (2015)
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