Crowding Out Fiscal Stimulus

Testing the Effectiveness of US Government Stimulus Programs

Authors: Heim, John J.

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  • Addresses empirically the effectiveness of government economic stimulus programsExhaustively applies tests to different models and time periods
  • Tests effectiveness during recessions and nonrecession periods
  • Favors testing pro-stimulus Keynesian models to avoid biased interpretations
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eBook 101,14 €
price for Spain (gross)
  • ISBN 978-3-319-45967-7
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Hardcover 124,79 €
price for Spain (gross)
  • ISBN 978-3-319-45966-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 124,79 €
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  • ISBN 978-3-319-83410-8
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  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

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.

About the authors

John J. Heim is Visiting Professor at University of Albany-SUNY, and retired Clinical Professor of Economics at Rensselaer Polytechnic Institute, both in New York, USA.

Table of contents (16 chapters)

Table of contents (16 chapters)

Buy this book

eBook 101,14 €
price for Spain (gross)
  • ISBN 978-3-319-45967-7
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 124,79 €
price for Spain (gross)
  • ISBN 978-3-319-45966-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 124,79 €
price for Spain (gross)
  • ISBN 978-3-319-83410-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Crowding Out Fiscal Stimulus
Book Subtitle
Testing the Effectiveness of US Government Stimulus Programs
Authors
Copyright
2017
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-45967-7
DOI
10.1007/978-3-319-45967-7
Hardcover ISBN
978-3-319-45966-0
Softcover ISBN
978-3-319-83410-8
Edition Number
1
Number of Pages
XXI, 272
Number of Illustrations
5 illustrations in colour
Topics