Crowding Out Fiscal Stimulus / Progress in Mathematics (PDF)
Testing the Effectiveness of US Government Stimulus Programs
(Sprache: Englisch)
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...
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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.
Autoren-Porträt von 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.
Bibliographische Angaben
- Autor: John J. Heim
- 2016, 1st ed. 2017, 272 Seiten, Englisch
- Verlag: Springer-Verlag GmbH
- ISBN-10: 3319459678
- ISBN-13: 9783319459677
- Erscheinungsdatum: 08.12.2016
Abhängig von Bildschirmgröße und eingestellter Schriftgröße kann die Seitenzahl auf Ihrem Lesegerät variieren.
eBook Informationen
- Dateiformat: PDF
- Größe: 2.91 MB
- Ohne Kopierschutz
- Vorlesefunktion
Sprache:
Englisch
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