Why Fiscal Stimulus Programs Fail, Volume 2 (eBook, PDF)
John J. Heim
eBook, PDF

Why Fiscal Stimulus Programs Fail, Volume 2 (eBook, PDF)

Statistical Tests Comparing Monetary Policy to Growth Effects

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"Keynesian macro policy has been thought to fail because of crowding out. To compensate ... accommodating monetary policies were developed by the Federal Reserve ... this book shows that Keynesian macro policy was not the failure, it was the accommodating monetary policies that failed; they were not large enough to overcome ... crowding out." - John Polimeni, Albany College of Pharmacy, Albany, NY, USA This book comprehensively and scientifically tests the assertion that accommodative monetary policy can eliminate the "crowd out" problem, allowing fiscal stimulus programs (such as tax cuts or ...

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