书目名称 | Crowding Out Fiscal Stimulus |
副标题 | Testing the Effectiv |
编辑 | John J. Heim |
视频video | http://file.papertrans.cn/241/240455/240455.mp4 |
概述 | Addresses empirically the effectiveness of government economic stimulus programs.Exhaustively applies tests to different models and time periods.Tests effectiveness during recessions and nonrecession |
图书封面 |  |
描述 | 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. |
出版日期 | Book 2017 |
关键词 | statistical methods; government deficit; Gale Orszag hypothesis; Krugman hypothesis; gross domestic prod |
版次 | 1 |
doi | https://doi.org/10.1007/978-3-319-45967-7 |
isbn_softcover | 978-3-319-83410-8 |
isbn_ebook | 978-3-319-45967-7 |
copyright | The Editor(s) (if applicable) and The Author(s) 2017 |