國立虎尾科技大學 |

Crowding out fiscal stimulus = testing the effectiveness of US government stimulus programs /

紀錄類型:	書目-語言資料,印刷品 : Monograph/item
正題名/作者:	Crowding out fiscal stimulus/ by John J. Heim.
其他題名:	testing the effectiveness of US government stimulus programs /
作者:	Heim, John J.
出版者:	Cham :Springer International Publishing : : 2017.,
面頁冊數:	xxi, 272 p. :ill., digital ; : 22 cm.;
Contained By:	Springer eBooks
標題:	Consumption (Economics) -
標題:	United States - Defenses -
電子資源:	http://dx.doi.org/10.1007/978-3-319-45967-7
ISBN:	9783319459677

Crowding out fiscal stimulus = testing the effectiveness of US government stimulus programs /
Heim, John J.

Crowding out fiscal stimulustesting the effectiveness of US government stimulus programs /[electronic resource] :by John J. Heim. - Cham :Springer International Publishing :2017. - xxi, 272 p. :ill., digital ;22 cm.

1. Introduction -- 2. Theory of Crowd Out -- 3. Literature Review -- 4. Methodology -- 5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit) -- 6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit) -- 7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit) -- 8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit) -- 9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent? -- 10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects -- 11. Dynamic Effects -- 12. Alternatives to Financing Stimulus Programs with Domestic Borrowing -- 13. A Note on the Disposable Income Variable in the Consumption Models -- 14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods? -- 15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods? -- 16. Summary of Findings and Conclusions.

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.

ISBN: 9783319459677

Standard No.: 10.1007/978-3-319-45967-7doiSubjects--Topical Terms:

561632
Consumption (Economics)
Subjects--Geographical Terms:

528513
United States
--Defenses

LC Class. No.: HJ7537 / .H44 2017

Dewey Class. No.: 336.30973

Crowding out fiscal stimulus = testing the effectiveness of US government stimulus programs /
LDR:02697nam a2200313 a 4500 001 957765
003 DE-He213
005 20161209073431.0
006 m d
007 cr nn 008maaau
008 201118s2017 gw s 0 eng d
020 $a 9783319459677 $q (electronic bk.)
020 $a 9783319459660 $q (paper)
024 7 $a 10.1007/978-3-319-45967-7 $2 doi
035 $a 978-3-319-45967-7
040 $a GP $c GP
041 0 $a eng
050 4 $a HJ7537 $b .H44 2017
072 7 $a KFFD $2 bicssc
072 7 $a BUS051000 $2 bisacsh
082 0 4 $a 336.30973 $2 23
090 $a HJ7537 $b .H467 2017
100 1 $a Heim, John J. $3 1197921
245 1 0 $a Crowding out fiscal stimulus $h [electronic resource] : $b testing the effectiveness of US government stimulus programs / $c by John J. Heim.
260 $a Cham : $b Springer International Publishing : $b Imprint: Palgrave Macmillan, $c 2017.
300 $a xxi, 272 p. : $b ill., digital ; $c 22 cm.
505 0 $a 1. Introduction -- 2. Theory of Crowd Out -- 3. Literature Review -- 4. Methodology -- 5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit) -- 6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit) -- 7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit) -- 8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit) -- 9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent? -- 10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects -- 11. Dynamic Effects -- 12. Alternatives to Financing Stimulus Programs with Domestic Borrowing -- 13. A Note on the Disposable Income Variable in the Consumption Models -- 14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods? -- 15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods? -- 16. Summary of Findings and Conclusions.
520 $a 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.
650 0 $a Consumption (Economics) $3 561632
650 0 $a Deficit financing $z United States $y 20th century. $3 1249554
650 0 $a Deficit financing $z United States $y 21st century. $3 1249555
650 0 $a Government spending policy $z United States $y 20th century. $3 1249556
650 0 $a Government spending policy $z United States $y 21st century. $3 1249557
650 1 4 $a Finance. $3 559073
650 2 4 $a Public Finance. $3 1104728
650 2 4 $a Macroeconomics/Monetary Economics/Financial Economics. $3 1102417
650 2 4 $a Economic Theory/Quantitative Economics/Mathematical Methods. $3 1069071
650 2 4 $a Economic Policy. $3 669185
651 0 $a United States $x Defenses $x Mathematical models. $3 528513
710 2 $a SpringerLink (Online service) $3 593884
773 0 $t Springer eBooks
856 4 0 $u http://dx.doi.org/10.1007/978-3-319-45967-7
950 $a Economics and Finance (Springer-41170)