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Is the Treasury Impotent?

Author

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  • Mulligan Casey B

    (University of Chicago, www.panic2008.net)

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.

Suggested Citation

  • Mulligan Casey B, 2008. "Is the Treasury Impotent?," The Economists' Voice, De Gruyter, vol. 5(7), pages 1-3, November.
  • Handle: RePEc:bpj:evoice:v:5:y:2008:i:7:n:4
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    Cited by:

    1. Dellas, H. & Diba, B. & Loisel, O., 2010. "Financial Shocks and Optimal Policy," Working papers 277, Banque de France.

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