Why Fiscal Stimulus Programs Fail, Volume 1: The Limits of Accommodative Monetary Policy in Practice, Heim John J.

Автор: Heim, John J.
Название: Crowding out fiscal stimulus
ISBN: 331983410X ISBN-13(EAN): 9783319834108
Издательство: Springer
Рейтинг:
Цена: 16769.00 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: 1. Introduction2. Theory of Crowd Out3. Literature Review4. Methodology5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit)6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit)7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit)8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit)9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent?
10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects11. Dynamic Effects12. Alternatives to Financing Stimulus Programs with Domestic Borrowing13. A Note on the Disposable Income Variable in the Consumption Models14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods?15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods?16. Summary of Findings and Conclusions

Автор: John J. Heim
Название: Crowding Out Fiscal Stimulus
ISBN: 331945966X ISBN-13(EAN): 9783319459660
Издательство: Springer
Рейтинг:
Цена: 16769.00 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: This book presents overwhelming evidence that US government stimulus programs over the past fifty years have not worked. Using the best and most modern econometric testing models, it applies 228 separate hard science tests to examine the effects of different stimulus models that should, in theory, have shown positive results. By testing every possible alternative interpretation, starting with one time period and then retesting in three additional time periods, this definitive study finds that even when favoring pro-stimulus Keynesian models, public financing through government tax cuts and spending increase programs is more likely to drive down - or 'crowd out' - as much private sector spending as it stimulates in the public sector.

Автор: Heim John J.
Название: Why Fiscal Stimulus Programs Fail, Volume 2: Statistical Tests Comparing Monetary Policy to Growth Effects
ISBN: 3030647269 ISBN-13(EAN): 9783030647261
Издательство: Springer
Цена: 22174.00 р.
Наличие на складе: Есть у поставщика Поставка под заказ.

Описание: This book scientifically tests the assertion that accommodative monetary policy can eliminate the "crowd out" problem, allowing fiscal stimulus programs (such as tax cuts or increased government spending) to stimulate the economy as intended.