The Official Sectors Response To The Coronavirus Pandemic And Moral Hazard - Part 3 Of 3
from Liberty Street Economics
– this post authored by Anna Kovner and Antoine Martin
Any time the Federal Reserve or the official sector more broadly provides support to the economy during a crisis, the intervention raises concerns related to moral hazard. Moral hazard can occur when market participants do not bear the negative consequences of the risks they take. This lack of consequences can encourage even greater risks, due to the expectation of future government help.
Source: http://econintersect.com/pages/contributors/contributor.php?post=202010050539
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