A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler

Austan Goolsbee and Alan Krueger

No 21000, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: E0 G01 G33 H0 J01 L50 L62 (search for similar items in EconPapers)
Date: 2015-03
New Economics Papers: this item is included in nep-his and nep-mac
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Citations: View citations in EconPapers (23)

Published as Austan D. Goolsbee & Alan B. Krueger, 2015. "A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler," Journal of Economic Perspectives, vol 29(2), pages 3-24.

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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)
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