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Crowding Out Fiscal Stimulus
John J Heim
€ 150.28
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Description for Crowding Out Fiscal Stimulus
Hardback. Num Pages: 272 pages, 5 colour illustrations, biography. BIC Classification: 1KBB; KCA; KCB; KCP. Category: (P) Professional & Vocational. Dimension: 210 x 148. Weight in Grams: 514.
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" ... Read more
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" ... Read more
Product Details
Format
Hardback
Publication date
2016
Publisher
Springer International Publishing AG Switzerland
Number of pages
272
Condition
New
Number of Pages
272
Place of Publication
Cham, Switzerland
ISBN
9783319459660
SKU
V9783319459660
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About John J Heim
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.
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