This is an ex-library book and may have the usual library/used-book markings inside.This book has hardback covers. In good all round condition. No dust jacket. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,600grams, ISBN:9783319459660.

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Bibliographic Details

Title

Crowding Out Fiscal Stimulus: Testing the Effectiveness of Us Government Stimulus Programs

Publisher

Palgrave Macmillan

Publication Date

2016

Language

English

ISBN 10

331945966X

ISBN 13

9783319459660

Binding

Hardcover

Condition

Good

Weight

600 grams

Seller catalogs

Economics

About this title

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.

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.

"About this title" may belong to another edition of this title.

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