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Stop and Start Consumption: the Cash for Clunkers Fiscal Stimulusigmforum editor - September 3rd, 2010
By Atif Mian and Amir Sufi Proponents of fiscal stimulus argue that targeted subsidies can spur consumers ... Read Cash for Clunkers article>
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Started by faculty members from the Initiative on Global Markets at the University of Chicago Booth School of Business Global markets have generated confusion among policymakers and the public. The IGM promotes sound analysis of how these markets work, their effects, and the way they interact with policies and institutions. 
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By Anil Kashyap
April 24, 2009
The details regarding the procedures employed in the so-called “stress tests” were released today. The results will be made public next Friday, but we can already tell that there are three serious problems with the SCAP. These shortcomings involve the starting point, the ending point and the paths assumed in the exercise…