What happened to the global economy and what we can do about it
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Baseline Scenario for 4/7/2009 (9am): Post-G20 Edition Peter Boone, Simon Johnson, and James Kwak, copyright of the authors. This long-overdue (and hopefully widely-awaited) version of our Baseline Scenario focuses largely on the United States, both because of the volume of activity in the U.S. in the last two months, and also because the U.S. will … Continue reading Baseline Scenario, April 7, 2009
My Yale Law School colleague Ilya Podolyako comments on the Obama administration’s plan for the auto industry and the tension between public goals – preserving jobs, increasing fuel efficiency, etc. – and private goals – profitability. By now, the dust seems to have settled around Obama’s rescue plan for two-thirds of the long-ago “Big 3” … Continue reading Guest Post: Obama’s Plan for the Auto Industry
Today the Financial Accounting Standards Board voted – by one vote – to relax accounting standards for certain types of securities, giving banks greater discretion in determining what price to carry them at on their balance sheets. The new rules were sought by the American Bankers Association, and not surprisingly will allow banks to increase … Continue reading The Mark-to-Market Myth
My colleague Ilya Podolyako is back with a comment on the Geither Plan to buy toxic assets, as well as an update to his previous post about the constitutionality of government takeovers of private property. He discusses in particular the possibility (also suggested by one of our readers) that the government could “seize” toxic assets … Continue reading Gaming the Legacy Loan Auctions
The Baseline Scenario 