Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs - Couverture souple

Heim, John J.

Couverture souple

ISBN 10 : 331983410X ISBN 13 : 9783319834108

Editeur : Palgrave Macmillan, 2018

Synopsis

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.

A propos du livre

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.

Détails de l'édition

• Éditeur: Palgrave Macmillan
• Date d'édition: 2018
• Langue: anglais
• ISBN 10: 331983410X
• ISBN 13: 9783319834108
• Reliure: Broché
• Nombre de pages: 296
• Coordonnées du fabricant: ProductSafety@springernature.com; ProductSafety@springernature.com; ; Poststr. 9; Darmstadt; 64293; Allemagne