Titlebook: Crowding Out Fiscal Stimulus; Testing the Effectiv John J. Heim Book 2017 The Editor(s) (if applicable) and The Author(s) 2017 statistical

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978-3-319-83410-8The Editor(s) (if applicable) and The Author(s) 2017

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Philip A. Luelsdorff,Sergej V. ChesnokovResults of tests using the one- and two-variable definitions of the government deficit are found consistent. Both indicate negative net effects of stimulus programs, with the two-variable tests indicating larger negative results.

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A Note on the Disposable Income Variable Used in Consumption Models,This chapter is technical in nature. It notes after-tax income is an important determinant of consumption and examines two different ways of calculating it.

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