Financial Sector Transmission
Arnold and Russ discuss the potential transmission mechanism between the financial sector and the real economy, questioning whether there is a direct link. They explore the possibility of high unemployment and express contrasting views on the role of Paulson and Bernanke. The conversation highlights the uncertainty surrounding the relationship between theory and real-world actions in response to economic challenges.In this clip
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EconTalk
Arnold Kling on Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Regulation
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