Crowding Out Fiscal Stimulus : Testing the Effectiveness of US Government Stimulus Programs
Softcover reprint of the original 1st ed. 2017
by
John J. Heim
Book Details
Format
Paperback / Softback
ISBN-10
331983410X
ISBN-13
9783319834108
Edition
Softcover reprint of the original 1st ed. 2017
Publisher
Springer International Publishing AG
Imprint
Palgrave Macmillan
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jul 4th, 2018
Print length
272 Pages
Weight
392 grams
Dimensions
15.10 x 21.10 x 1.40 cms
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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