Why Fiscal Stimulus Programs Fail: The Limits of Accommodative Monetary Policy in Practice (1) - Couverture souple

Heim, John J.

 
9783030656775: Why Fiscal Stimulus Programs Fail: The Limits of Accommodative Monetary Policy in Practice (1)
Couverture souple
ISBN 10 : 3030656772 ISBN 13 : 9783030656775
Editeur : Springer Nature Switzerland AG, 2022

Synopsis

This book offers a series of statistical tests to determine if the "crowd out" problem, known to hinder the effectiveness of Keynesian economic stimulus programs, can be overcome by monetary programs. It concludes there are programs that can do this, specifically "accommodative monetary policy." They were not used to any great extent prior to the Quantitative Easing program in 2008, causing the failure of many fiscal stimulus programs through no fault of their own. The book includes exhaustive statistical tests to prove this point. There is also a policy analysis section of the book. It examines how effectively the Federal Reserve's anti-crowd out programs have actually worked, to the extent they were undertaken at all. It finds statistical evidence that using commercial and savings banks instead of investment banks when implementing accommodating monetary policy would have markedly improved their effectiveness. This volume, with its companion volume Why Fiscal Stimulus Programs Fail, Volume 2: Statistical Tests Comparing Monetary Policy to Growth, provides 1000 separate statistical tests on the US economy to prove these assertions.

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À propos de l?auteur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer Nature Switzerland AG
Date d'édition
2022
Langue
anglais
ISBN 10 
3030656772
ISBN 13 
9783030656775
Reliure
Broché
Nombre de pages
610
Coordonnées du fabricant
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Autres éditions populaires du même titre

9783030656744: Why Fiscal Stimulus Programs Fail: The Limits of Accommodative Monetary Policy in Practice (1)

Edition présentée

ISBN 10 :  3030656748 ISBN 13 :  9783030656744
Editeur : Springer Nature Switzerland AG, 2021
Couverture rigide