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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs - Hardcover
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.
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About the Author
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.
From the Back Cover
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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Crowding Out Fiscal Stimulus [inscribed] Testing the Effectiveness of Us Government Stimulus Programs
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Palgrave MacMillan, Albany, 2016
ISBN 10: 331945966X
ISBN 13: 9783319459660
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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
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Crowding Out Fiscal Stimulus
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Springer International Publishing, 2016
ISBN 10: 331945966X
ISBN 13: 9783319459660
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Addresses empirically the effectiveness of government economic stimulus programsExhaustively applies tests to different models and time periodsTests effectiveness during recessions and nonrecession periodsFavors testi. Seller Inventory # 128452329
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Crowding Out Fiscal Stimulus
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Springer International Publishing Dez 2016, 2016
ISBN 10: 331945966X
ISBN 13: 9783319459660
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Buch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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. 296 pp. Englisch. Seller Inventory # 9783319459660
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Crowding Out Fiscal Stimulus : Testing the Effectiveness of US Government Stimulus Programs
Published by
Springer International Publishing, 2016
ISBN 10: 331945966X
ISBN 13: 9783319459660
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Buch. Condition: Neu. Druck auf Anfrage Neuware - Printed after ordering - 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. Seller Inventory # 9783319459660
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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
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Crowding Out Fiscal Stimulus
ISBN 10: 331945966X
ISBN 13: 9783319459660
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Buch. Condition: Neu. Neuware -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.Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 296 pp. Englisch. Seller Inventory # 9783319459660
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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs
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