eBook - PDF
Crowding Out Fiscal Stimulus
Testing the Effectiveness of US Government Stimulus Programs
- 282 pages
- English
- PDF
- Available on iOS & Android
eBook - PDF
Crowding Out Fiscal Stimulus
Testing the Effectiveness of US Government Stimulus Programs
About this book
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.
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Table of contents
- Executive Summary
- Preface
- Acknowledgements
- Contents
- List of Tables
- About the Author
- Chapter 1: Introduction
- Chapter 2: Theory of Crowd Out
- Chapter 3: Literature Review
- Chapter 4: Methodology
- Chapter 5: Test Results: Consumer Spending and Borrowing Models (One-Variable Deficit)
- Chapter 6: Test Results: Investment Spending and Borrowing Models (One-Variable Deficit)
- Chapter 7: Test Results: Consumer Spending and Borrowing Models (Two-Variable Deficit)
- Chapter 8: Test Results: Investment Spending and Borrowing Models (Two-Variable Deficit)
- Chapter 9: Are Findings Of One- and Two-Variable Deficit Models Consistent?
- Chapter 10: Effects of Stimulus Programs on GDP, Net of Crowd Out Effects
- Chapter 11: Dynamic Effects
- Chapter 12: Alternatives to Financing Stimulus Programs with Domestic Borrowing
- Chapter 13: A Note on the Disposable Income Variable Used in Consumption Models
- Chapter 14: Do Crowd Out Effects Differ in Recession and Non-recession Periods?
- Chapter 15: Does the Gale and Orszag Hypothesis Explain Tax and Spending Effects Better in Recessions Than Non-recession Perio...
- Chapter 16: Summary of Findings and Conclusions
- Bibliography
- Index
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Yes, you can access Crowding Out Fiscal Stimulus by John J. Heim in PDF and/or ePUB format, as well as other popular books in Economics & Econometrics. We have over 1.5 million books available in our catalogue for you to explore.