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Why Fiscal Stimulus Programs Fail, Volume 1

Why Fiscal Stimulus Programs Fail, Volume 1

John J. Heim

160,24 €
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Editorial:
Springer Nature B.V.
Año de edición:
2021
Materia
Macroeconomía
ISBN:
9783030656744

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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.

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Otros libros del autor

  • Why Fiscal Stimulus Programs Fail, Volume 1
    John J. Heim
    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...
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  • Why Fiscal Stimulus Programs Fail, Volume 2
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    This book scientifically tests the assertion that accommodative monetary policy can eliminate the 'crowd out' problem, allowing fiscal stimulus programs (such as tax cuts or increased government spending) to stimulate the economy as intended. It also tests to see if natural growth in th economy can cure the crowd out problem as well or better. The book is intended to be the lar...
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  • Why Fiscal Stimulus Programs Fail, Volume 2
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    This book scientifically tests the assertion that accommodative monetary policy can eliminate the 'crowd out' problem, allowing fiscal stimulus programs (such as tax cuts or increased government spending) to stimulate the economy as intended. It also tests to see if natural growth in th economy can cure the crowd out problem as well or better. The book is intended to be the lar...
  • An Econometric Model of the US Economy
    John J. Heim
    This book explores the US economy from 1960 to 2010 using a more Keynsian, Cowles model approach, which the author argues has substantial advantages over the vector autoregression (VAR) and dynamic stochastic general equilibrium (DSGE) models used almost exclusively today. Heim presents a robust argument in favor of the Cowles model as an answer to the pressing, unresolved meth...
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  • Crowding Out Fiscal Stimulus
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