Why Fiscal Stimulus Programs Fail, Volume 2
John J. Heim
Broschiertes Buch

Why Fiscal Stimulus Programs Fail, Volume 2

Statistical Tests Comparing Monetary Policy to Growth Effects

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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 largest scale scientific test ever performed on this topic. It includes about 800 separate statistical tests on the U.S. economy testing different parts or all of the period 1960 - 2010. These tests focus on whether accommo...