منابع مشابه
Wall Street or Main Street: Who to Bail Out?
Housing crises are characterized by a sharp increase in foreclosure rates that generates losses to mortgage investors. To preserve the solvency of these investors, governments have historically implemented two policies: a) offer them bailouts (Wall Street), and b) subsidize the mortgage refinancing of households to prevent additional foreclosures (Main Street). The implementation of these instr...
متن کاملWall Street vs. Main Street: What are the Benefits and Costs of Wal-Mart to Local Communities?
“In business, there is big and there is Wal-Mart.” --BusinessWeek, October 6, 2003 So begins a recent report about the wide-ranging influence of Wal-Mart. To get a sense of just how big Wal-Mart is, consider the following: • Wal-Mart Stores, Inc. is the world’s largest retailer, with $285.2 billion in sales in the fiscal year ending Jan. 31, 2005 (Wal-Mart, 2006). • The company employs 1.2 mill...
متن کاملOccupy Wall Street, Bay Street and the street nearest you.
The Canadian Centre for Policy Alternatives released a study in early January highlighting the growing income disparities between the richest and poorest Canadians. Income tax files from 2007 show that the average income of the top 1% of income earners was over $400,000 compared to about $44,000 for the average Canadian, almost a tenfold difference. Those who laboured at the minimum wage earned...
متن کاملDe-Leveraging and the Financial Accelerator: How Wall Street Can Shock Main Street
*The views expressed here are those of the author and do not necessarily represent the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. he severity of the recent economic downturn raises questions about the role of financial markets in modern market economies. Why did rising defaults in a relatively small portion of the U.S. housing market cause a financial crisi...
متن کاملThe Returns on Human Capital: Good News on Wall Street is Bad News on Main Street
We use a standard single-agent model to conduct a simple consumption growth accounting exercise. Consumption growth is driven by news about current and expected future returns on the market portfolio. We impute the residual of consumption growth innovations that cannot be attributed to either news about financial asset returns or future labor income growth to news about expected future returns ...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2020
ISSN: 1556-5068
DOI: 10.2139/ssrn.3604149