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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978-3-030-65677-5The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl

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John J. HeimDetails 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

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Literature Reviewat FR security purchases during the quantitative easing period helped Wall Street, the bond and stock markets, by pushing up stock and bond prices, but did not much affect Main Street, i.e., the GDP and unemployment. By comparison, the Academic Press literature tended to find it helped both Wall Street and Main Street.