Social Protection

Wall Street vs Main Street: the impact of the US government's bailout of the financial system

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. Stocks pushed further into record territory on Wednesday, driving the S&P 500 to an all-time high close for a fifth day, helped by strength in financials and technology. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) - RTXZFHC

A street sign for Wall Street. Image: REUTERS/Lucas Jackson

Efraim Benmelech
Professor of Finance, Kelogg School of Management
Ralf R Meisenzahl
Senior Economist, Board of Governors of the Federal Reserve System
Rodney Ramcharan
Associate Professor, Public Policy
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 Total retail car sales, 2002–2013.
Image: VoxEU
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