LEADER 05799nam 22006495 450 001 9910484250303321 005 20250610110030.0 010 $a9783030647278 010 $a3030647277 024 7 $a10.1007/978-3-030-64727-8 035 $a(CKB)4100000011797690 035 $a(MiAaPQ)EBC6518446 035 $a(Au-PeEL)EBL6518446 035 $a(OCoLC)1245665575 035 $a(DE-He213)978-3-030-64727-8 035 $a(MiAaPQ)EBC29095800 035 $a(EXLCZ)994100000011797690 100 $a20210313d2021 u| 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 10$aWhy Fiscal Stimulus Programs Fail, Volume 2 $eStatistical Tests Comparing Monetary Policy to Growth Effects /$fby John J. Heim 205 $a1st ed. 2021. 210 1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2021. 215 $a1 online resource (617 pages) 311 08$a9783030647261 311 08$a3030647269 327 $aChapter. 1 Introduction -- Chapter 2. Literature Review -- Chapter 3. Methodology -- Chapter 4. Theory of Crowd Out and Accommodative Monetary Policy -- Chapter 5. The Role of Primary Dealers, Investment Banks and Foreign Banks in Federal Reserve Efforts -- Chapter 6. Does Crowd Out Really Occur? Initial Empirical Evidence - One Time Period -- Chapter 7. Does Crowd Out Really Occur? Empirical Evidence - Replication in Many Time Periods -- Chapter 8. Initial Tests of Whether Crowd out Effects Can be Offset by Increases in Loanable Funds -- Chapter 9. Which Models Best Explain How Changes in Loanable Funds Offset Crowd Out? -- Chapter 10. Do Loanable Funds Modify the Crowd Out Effects of the One-Variable Deficit (T-G) -- Chapter 11. Do Loanable Funds Modify the Crowd Out Effects of the Two-Variable Deficit (T), (G)? -- Chapter 12. Does M1 or Total Loanable Funds Better Define the Extent to Which Crowd Out Can be Modified? -- Chapter 13. Alternate Ways of Modeling How Deficit Variables Modified by Accommodative Monetary Policy Reduce Crowd Out (Bernanke, Mankiw definitions Of Accommodative Monetary Policy) -- Chapter 14. Does Modification of the Single Variable Deficit (T-G) by FR Purchases Better Measure Crowd Out, Controlling for Endogenous Loanable Funds Growth? -- Chapter 15. Does Modification of the Two Variable Deficit (T), (G) by FR Purchases Better Measure Crowd Out, Controlling for Endogenous Loanable Funds Growth? -- Chapter 16. Do FR Purchases, Used as Deficit Modifiers, Reduce Crowd Out, Controlling for the Level of Private Saving and Foreign Borrowing -- Chapter 17. Level of Private Saving and Foreign Borrowing for Private Savings? -- Chapter 18. Do FR Purchases Reduce Crowd Out Effects, Controlling for Other Types of Loanable Funds? -- Chapter 19. Effects of Accommodative Monetary Policy on Crowd Out Before and After Quantitative Easing ( Dues "Pushing on a String" Occur?), etc. 330 $a"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 increased government spending) to stimulate the economy as intended. 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 accommodative monetary policy, which increases the pool of loanable resources, can offset the crowd out problem. The book, employing the best scientific methods available to economists, concludes it could have, but until the quantitative easing program, Federal Reserve efforts to accommodate fiscal stimulus programs were not large enough to offset more than 23% to 44% of any one year's crowd out problem. That provides the science part of the answer as to why accommodative monetary policy didn't accommodate: too little of it was tried. The book also tests whether other changes in loanable funds, occurring because of natural changes in the economy or the savings rate can also offset crowd out, and concludes it can. Its companion volume Why Fiscal Stimulus Programs Fail, Volume 1: The Limits of Accommodative Monetary Policy in Practice explores the policy implications of these results. 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. 606 $aMacroeconomics 606 $aEconometrics 606 $aFinance, Public 606 $aEconomic policy 606 $aMacroeconomics and Monetary Economics 606 $aEconometrics 606 $aPublic Finance 606 $aEconomic Policy 615 0$aMacroeconomics. 615 0$aEconometrics. 615 0$aFinance, Public. 615 0$aEconomic policy. 615 14$aMacroeconomics and Monetary Economics. 615 24$aEconometrics. 615 24$aPublic Finance. 615 24$aEconomic Policy. 676 $a336.73 676 $a336.390973 700 $aHeim$b John J.$0849092 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910484250303321 996 $aWhy Fiscal Stimulus Programs Fail, Volume 2$94330156 997 $aUNINA LEADER 01427nam0 22003011i 450 001 UON00096475 005 20231205102535.421 100 $a20020107d1969 |0itac50 ba 101 $afre 102 $aFR 105 $a|||| ||||| 200 1 $aConfessions$fSaint Augustin$gtexte etabli et traduit par Pierre de Labriolle 210 $aParis$cLes Belles Lettres$d1969 215 $a2 v.$d21 cm 1.: Livres 1-8. 201 p. 2.: Livres 9-13 411 p. 410 1$1001UON00087189$12001 $aCollection des Universités de France 620 $aFR$dParis$3UONL002984 700 0$aAUGUSTINUS AURELIUS$csanto$3UONV139398$0152280 702 1$aLabriolle$bPierre : de$3UONV062466 712 $aLes Belles Lettres$3UONV245913$4650 790 1$aAGOSTINO, Aurelio $zAUGUSTINUS AURELIUS $3UONV038355 790 0$aAGOSTINO d'Ippona $zAUGUSTINUS AURELIUS $3UONV165143 790 0$aAURELIUS AUGUSTINUS HIPPONIENSIS$zAUGUSTINUS AURELIUS $3UONV165144 801 $aIT$bSOL$c20250808$gRICA 912 $aUON00096475 950 $aSIBA - SISTEMA BIBLIOTECARIO DI ATENEO$dSI T 2 BL LAT AUGUST CONF. 01 $eSI MC 971 5 CONF. 01 950 $aSIBA - SISTEMA BIBLIOTECARIO DI ATENEO$dSI T 2 BL LAT AUGUST CONF. 02 $eSI MC 27984 5 CONF. 02 996 $aConfessiones$913117 997 $aUNIOR