Why Fiscal Stimulus Programs Fail, Volume 1

Part-1: Introductory Chapter.- chapter 1: Introduction.- Chapter 2: Literature Review.- Chapter 3: Methodology.-Part-2: Theory of crowd out and accommodative monetary policy.- Chapter 4: Theory of Crowd Out and Accommodative Monetary Policy.- chapter 5: A Simplified Balance Sheet View of How Open Market Operations Intended to Stimulate the Economy, When Dominated by Primary Dealers, Actually Stimulate Securities Markets, not the Real Economy.- Chapter 6: A Money Multiplier Approach to How Open Market Operations Stimulate Securities Markets and the Real Economy.- Part-3: The effectiveness of accommodating monetary policy mechanics.- chapter 7: The Role of Primary Dealers in Federal Reserve Efforts to Change the Money Supply.- chapter 8: The Failure of Accommodative Monetary Policy before Quantitative Easing (QE) and Its Success During QE; The "Pushing on a String Problem.- chapter 9:The Failure of U.S. Loanable Funds to Grow as Much as Federal Reserve Securities Purchases During QE: The Role of Foreign Banks.- Part-4: Increases in m1 - effects on stock and bond markets and the GDP.- Chapter 10: Effect of  FR Purchases of Government Securities on M1.- Chapter 11: Effect of Increases in Loanable funds or M1 on the GDP.- Chapter 12: Effect of FR Security Purchases and M1 on Stock, Bond and Mortgage  Markets.- Part-5: Does crowd out really occur?.- Chapter 13: Does Crowd Out Really Occur?  Initial Empirical Evidence - One Time Period.- Chapter 14: Does Crowd Out Really Occur?  Empirical Evidence - Replication in Many Time Periods.- Part-6: Increases in total loanable funds (s+fb) - do they reduce crowd out?.- Chapter 15: Initial Tests of Whether Crowd out Effects Can be Offset by Increases in Loanable Funds.- Chapter 16: Which Models Best Explain How Changes in Loanable Funds Offset Crowd Out?.- Chapter 17: Do

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.  He has served in cabinet and subcabinet positions in NY State and Local Government.  He is also an inventor of renewable energy devices ("wave energy converters") and holds patents in this area.