|Daron Acemoglu||MIT||Uncertain||4||Bio/Vote History|
|Alberto Alesina||Harvard||Agree||3||Bio/Vote History|
|Joseph Altonji||Yale||Strongly Agree||8||Bio/Vote History|
|Alan Auerbach||Berkeley||Agree||7||Bio/Vote History|
|David Autor||MIT||Agree||7||Bio/Vote History|
|Katherine Baicker||Harvard||Agree||5||Bio/Vote History|
|Marianne Bertrand||Chicago||Agree||3||Bio/Vote History|
|Raj Chetty||Harvard||Agree||6||Bio/Vote History|
|Judith Chevalier||Yale||Agree||7||Bio/Vote History|
|Janet Currie||Princeton||Agree||6||Bio/Vote History|
|David Cutler||Harvard||Agree||5||Bio/Vote History|
|Angus Deaton||Princeton||Agree||6||Bio/Vote History|
|Darrell Duffie||Stanford||Strongly Agree||9||
Macro performance depends partly on credit from banks, which would have otherwise been impaired. Europe has a related growth issue now,
|Aaron Edlin||Berkeley||Did Not Answer||Bio/Vote History|
|Barry Eichengreen||Berkeley||Agree||5||Bio/Vote History|
|Ray Fair||Yale||Agree||7||Bio/Vote History|
If the banking system had collapsed, unemployment would certainly have been higher in 2010.
|Claudia Goldin||Harvard||Uncertain||2||Bio/Vote History|
|Austan Goolsbee||Chicago||Strongly Agree||10||
the fact it was necessary doesn't mean we should be happy about it
|Michael Greenstone||Chicago||Strongly Agree||7||
There is some strong evidence that the lending channel is real. See the below link.
-see background information here
There were much better policies, but what was done was better than nothing, give the bad policies that preceded.
|Bengt Holmström||MIT||Strongly Agree||9||
Without Fed intervention the banking system would have collapsed.
|Caroline Hoxby||Stanford||Did Not Answer||Bio/Vote History|
|Kenneth Judd||Stanford||Did Not Answer||Bio/Vote History|
|Anil Kashyap||Chicago||Strongly Agree||10||
They could have been tougher on pay and dividends, but just look across the pond to see a much worse alternative way of proceeding.
The Fed would have purchased more private assets without TARP, and who knows what the Fed/Congress would have tried instead.
-see background information here
|Edward Lazear||Stanford||Did Not Answer||Bio/Vote History|
|Jonathan Levin||Stanford||Did Not Answer||Bio/Vote History|
|Eric Maskin||Harvard||Agree||8||Bio/Vote History|
|William Nordhaus||Yale||Strongly Agree||8||Bio/Vote History|
This statement reflects my best judgment, based on a range of macroeconomic literature, but it would be difficult to prove beyond a doubt.
|Cecilia Rouse||Princeton||Agree||5||Bio/Vote History|
|Emmanuel Saez||Berkeley||Strongly Agree||6||Bio/Vote History|
|José Scheinkman||Princeton||Did Not Answer||Bio/Vote History|
|Richard Schmalensee||MIT||Strongly Agree||8||
It is hard to imagine the mess we would still be in if most of our large banks had failed.
|Hyun Song Shin||Princeton||Strongly Agree||9||Bio/Vote History|
|James Stock||Harvard||Agree||7||Bio/Vote History|
|Nancy Stokey||Chicago||Strongly Agree||9||
See Ch 7 of Friedman & Schwartz's Monetary History. It's fortunate we had a Central Banker who'd read it and had the courage to act on it.
Not my area but it seems like it had to have helped.
|Christopher Udry||Yale||Agree||1||Bio/Vote History|
The question presumes Paulson’s forced alternative. If the only choice is between evil and Armageddon, evil might look ok.
This panel explores the extent to which economists agree or disagree on major public policy issues. To assess such beliefs we assembled this panel of expert economists. Statistics teaches that a sample of (say) 40 opinions will be adequate to reflect a broader population if the sample is representative of that population.
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