Crowding Out Fiscal Stimulus : Testing the Effectiveness of US Government Stimulus Programs
1st ed. 2017
by
John J. Heim
Book Details
Format
Hardback or Cased Book
ISBN-10
331945966X
ISBN-13
9783319459660
Edition
1st ed. 2017
Publisher
Springer International Publishing AG
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Dec 19th, 2016
Print length
272 Pages
Product Classification:
Economic theory & philosophyEconomic theory and philosophyMacroeconomicsPolitical economy
Ksh 19,800.00
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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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