Tag Archives: Banking

On Keeping Your Powder Dry: Fiscal Foundations of Financial and Price Stability

From Maury Obstfeld: Banking systems have rapidly grown to a point where for many countries bank assets amount to multiples of GDP. As a consequence, government’s capacity to provide stability-enhancing fiscal guarantees against systemic crises can no longer be taken for … Continue reading

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The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-09 Financial Crisis

Gabe Chodorow-Reich, who is also a coauthor on one of the more compelling studies showing that the stimulus was effective at creating jobs, has a job market paper on the link between conditions on wall street and employment on main street. When … Continue reading

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Links for Today: Fiscal Cliff, Effectiveness of Savings Incentives, & Banking

Absolutely everything you need to know about the fiscal cliff from Wonkblog Study Questions Tax Breaks’ Effect on Retirement Savings by Annie Lowrie Banking Must not be Left in the Shadows by Gary Gorton via Mark Thoma  

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