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Crowding Out Fiscal Stimulus

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Crowding Out Fiscal Stimulus

Testing the Effectiveness of US Government Stimulus Programs

John J. Heim

Palgrave Macmillan
Publication date : 2016-12-08

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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.

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About the book

Author

John J. Heim

Imprint

Palgrave Macmillan

Collection

n.c

Publication date

2016-12-08

Pages

272 pages

Print ISBN

9783319459660

Language

English

Ebook informations

EAN PDF

9783319459677

Price

£109.50

Copy count 2

Print count 27

File size 2980 Ko

Informations accessibility

EAN EPUB

9783319459677

Price

£109.50

Copy count 2

Print count 27

File size 1761 Ko

Informations accessibility

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About author(s)

John J. Heim

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