Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs - Softcover

Heim, John J.

 
9783319834108: Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
Softcover
ISBN 10: 331983410X ISBN 13: 9783319834108
Verlag: Palgrave Macmillan, 2018

Inhaltsangabe

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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Über die Autorin bzw. den Autor

John J. Heim is Visiting Professor at University of Albany-SUNY, and retired Clinical Professor of Economics at Rensselaer Polytechnic Institute, both in New York, USA.

Von der hinteren Coverseite

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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Verlag
Palgrave Macmillan
Erscheinungsdatum
2018
Sprache
Englisch
ISBN 10 
331983410X
ISBN 13 
9783319834108
Einband
Taschenbuch
Anzahl der Seiten
296
Kontakt zum Hersteller
ProductSafety@springernature.com
ProductSafety@springernature.com

Poststr. 9
Darmstadt
64293
Deutschland

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