What would the potential impact on the economy be if Fannie Mae and Freddie Mac—the housing finance government-sponsored enterprises (GSEs)—were eliminated? Our research indicates that winding down Fannie Mae and Freddie Mac from the mortgage market would have a minimal and predictable effect on the economy. Since 2008, Fannie Mae …
Followers of the International Monetary Fund (IMF) have long joked that the fund’s acronym stands for “It’s Mostly Fiscal.” For a long time it has helped bail out basket-case economies with severe fiscal deficiencies, such as Greece, Russia, and Argentina. But a recent report shows that the IMF is now …
