| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP7538 |
| DP7538 Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006 | |
| Giovanni L. Violante; Jonathan Heathcote; fabrizio perri | |
| 发表日期 | 2009-11-08 |
| 出版年 | 2009 |
| 语种 | 英语 |
| 摘要 | We calculate the costs and benefits of the largest ever U.S. Government intervention in the financial sector announced the 2008 Columbus-day weekend. We estimate that this intervention increased the value of banks? financial claims by $131 billion at a taxpayers?cost of $25 -$47 billions with a net benefit between $84bn and $107bn. By looking at the limited cross section we infer that this net benefit arises from a reduction in the probability of bankruptcy, which we estimate would destroy 22% of the enterprise value. The big winners of the plan were the three former investment banks and Citigroup, while the loser was JP Morgan. |
| 主题 | Financial Economics |
| 关键词 | Government intervention Bankruptcy Credit crisis |
| URL | https://cepr.org/publications/dp7538 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/536374 |
| 推荐引用方式 GB/T 7714 | Giovanni L. Violante,Jonathan Heathcote,fabrizio perri. DP7538 Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006. 2009. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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