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000778443 019__ $$a970682166
000778443 020__ $$a9783319459677$$q(electronic book)
000778443 020__ $$a3319459678$$q(electronic book)
000778443 020__ $$z9783319459660
000778443 0247_ $$a10.1007/978-3-319-45967-7$$2doi
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000778443 035__ $$aSP(OCoLC)965904293$$z(OCoLC)970682166
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000778443 043__ $$an-us---
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000778443 050_4 $$aHB172.5
000778443 08204 $$a339$$223
000778443 1001_ $$aHeim, John J.,$$eauthor.
000778443 24510 $$aCrowding out fiscal stimulus :$$btesting the effectiveness of US government stimulus programs /$$cJohn J. Heim.
000778443 264_1 $$aCham, Switzerland :$$bPalgrave Macmillan,$$c2017.
000778443 300__ $$a1 online resource (xxi, 272 pages)
000778443 336__ $$atext$$btxt$$2rdacontent
000778443 337__ $$acomputer$$bc$$2rdamedia
000778443 338__ $$aonline resource$$bcr$$2rdacarrier
000778443 347__ $$atext file$$2rda
000778443 347__ $$bPDF
000778443 504__ $$aIncludes bibliographical references and index.
000778443 5050_ $$a1. Introduction -- 2. Theory of Crowd Out -- 3. Literature Review -- 4. Methodology -- 5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit) -- 6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit) -- 7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit) -- 8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit) -- 9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent? -- 10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects -- 11. Dynamic Effects -- 12. Alternatives to Financing Stimulus Programs with Domestic Borrowing -- 13. A Note on the Disposable Income Variable in the Consumption Models -- 14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods? -- 15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods? -- 16. Summary of Findings and Conclusions.
000778443 506__ $$aAccess limited to authorized users.
000778443 520__ $$aThis book presents overwhelming evidence that US government stimulus programs over the past fifty years have not worked. Using the best and most modern econometric testing models, it applies 228 separate hard science tests to examine the effects of different stimulus models that should, in theory, have shown positive results. By testing every possible alternative interpretation, starting with one time period and then retesting in three additional time periods, this definitive study finds that even when favoring pro-stimulus Keynesian models, public financing through government tax cuts and spending increase programs is more likely to drive down - or "crowd out" - as much private sector spending as it stimulates in the public sector.
000778443 588__ $$aOnline resource; title from PDF title page (viewed May 15, 2017).
000778443 650_0 $$aFinance.
000778443 650_0 $$aFinance, Public.
000778443 650_0 $$aEconomics.
000778443 650_0 $$aMacroeconomics.
000778443 650_0 $$aEconomic policy.
000778443 650_0 $$aMacroeconomics/Monetary Economics//Financial Economics
000778443 650_0 $$aEconomic Theory/Quantitative Economics/Mathematical Methods
000778443 77608 $$iPrint version:$$aHeim, John J.$$tCrowding out fiscal stimulus.$$dCham, Switzerland : Palgrave Macmillan, [2017]$$z331945966X$$w(DLC)  2016954261$$w(OCoLC)954535562
000778443 852__ $$bebk
000778443 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-319-45967-7$$zOnline Access$$91397441.1
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000778443 980__ $$aEBOOK
000778443 980__ $$aBIB
000778443 982__ $$aEbook
000778443 983__ $$aOnline
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