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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 Christian Laux and Christian Leuz
Fair-value accounting (FVA), also known as “mark-to-market” accounting, has been blamed for contributing significantly to the financial crisis. But Christian Leuz, of Chicago Booth, and his coauthor, Christian Laux, have analyzed the role of FVA for U.S. banks and conclude that there is no evidence that fair-value accounting added to the severity of the financial crisis in a major way.
