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.
"About this title" may belong to another edition of this title.
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Crowding Out Fiscal Stimulus [inscribed] Testing the Effectiveness of Us Government Stimulus Programs
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ISBN 10: 331945966X
ISBN 13: 9783319459660
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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
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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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