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Titlebook: Why Fiscal Stimulus Programs Fail, Volume 1; The Limits of Accomm John J. Heim Book 2021 The Editor(s) (if applicable) and The Author(s), u

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發(fā)表于 2025-3-21 17:30:25 | 只看該作者 |倒序?yàn)g覽 |閱讀模式
書目名稱Why Fiscal Stimulus Programs Fail, Volume 1
副標(biāo)題The Limits of Accomm
編輯John J. Heim
視頻videohttp://file.papertrans.cn/1029/1028132/1028132.mp4
概述Details the science showing increasing the total loanable funds pool can offset crowd out.Examines the mechanical problems that have developed for implementing accommodative monetary policy.Demonstrat
圖書封面Titlebook: Why Fiscal Stimulus Programs Fail, Volume 1; The Limits of Accomm John J. Heim Book 2021 The Editor(s) (if applicable) and The Author(s), u
描述.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..
出版日期Book 2021
關(guān)鍵詞Keynes; US Macroeconomic policy; Fiscal stimulus; Accomodative monetary policy; Monetary policy; Quantita
版次1
doihttps://doi.org/10.1007/978-3-030-65675-1
isbn_softcover978-3-030-65677-5
isbn_ebook978-3-030-65675-1
copyrightThe Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl
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沙發(fā)
發(fā)表于 2025-3-21 21:03:43 | 只看該作者
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Methodologyare retested in 5–17 other time periods to ensure findings are not spurious. Extensive discussion is presented?of methods used to offset problems interpreting model results when both crowd out and crowd in years occur in the same sample, and when periods in which little change government spending or taxes are tested.
地板
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Introduction, but lost to them when governments run budget deficits financed by borrowing these funds from the loanable funds pool. It shows that the necessary growth in loanable funds can occur exogenously, by Federal Reserve purchases of securities from banks (“accommodative monetary policy”), or endogenously
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The Failure of Accommodative Monetary Policy Before Quantitative Easing (QE) and Its Success After; o show it was a failure 1960–2007, but successful after that due to the huge size of the accommodation program after the QE program started in 2008, fully offsetting crowd out. This chapter also examines the “pushing on a string” problem that developed in the QE era. This problem limits of the FR’s
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Does Crowd Out Really Occur? Initial Empirical Evidence: One Time Periodent models, and then retesting them. Results are presented for one sample period, 1960–2010. Effects on . are evaluated, as are effects on regression coefficients and significance levels for the deficit variables.
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