Alan Blinder and Mark Zandi will release a new paper tomorrow analyzing the impact of the policy response to the crisis … Sewell Chan at the NY Times has a preview: In Study, 2 Economists Say Intervention Helped Avert a 2nd Depression In a new paper, [Alan S. Blinder, a Princeton professor and former vice chairman of the Fed, and Mark Zandi, chief economist at Moody’s Analytics] argue that without the Wall Street bailout, the bank stress tests, the emergency lending and asset purchases by the Federal Reserve, and the Obama administration’s fiscal stimulus program, the nation’s gross domestic product would be about 6.5 percent lower this year
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