Replication data for: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler
Principal Investigator(s): View help for Principal Investigator(s) Austan D. Goolsbee; Alan B. Krueger
Version: View help for Version V1
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Project Citation:
Goolsbee, Austan D., and Krueger, Alan B. Replication data for: A Retrospective Look at Rescuing and Restructuring General Motors and Chrysler. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113951V1
Project Description
Summary:
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The rescue of the US automobile industry amid the 2008-2009 recession and financial crisis was a consequential, controversial, and difficult decision made at a fraught moment for the US economy. Both of us were involved in the decision process at the time, but since have moved back to academia. More than five years have passed since the bailout began, and it is timely to look back at this unusual episode of economic policymaking to consider what we got right, what we got wrong, and why. In this article, we describe the events that brought two of the largest industrial companies in the world to seek a bailout from the US government, the analysis that was used to evaluate the decision (including what the alternatives were and whether a rescue would even work), the steps that were taken to rescue and restructure General Motors and Chrysler, and the performance of the US auto industry since the bailout. We close with general lessons to be learned from the episode.
Scope of Project
JEL Classification:
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G33 Bankruptcy; Liquidation
H81 Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
G33 Bankruptcy; Liquidation
H81 Governmental Loans; Loan Guarantees; Credits; Grants; Bailouts
L62 Automobiles; Other Transportation Equipment; Related Parts and Equipment
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