Do FR Purchases Reduce Crowd Out Effects, Controlling for Other Types of Loanable Funds?

John Heim

Chapter Chapter 18 in Why Fiscal Stimulus Programs Fail, Volume 2, 2021, pp 425-448 from Springer

Abstract: Abstract This chapter is a technical chapter examining whether significant changes in the Wald and Sargan tested strong instrument used to substitute for endogenous explanatory variables matters. Findings indicate it does, and this can affect policy conclusions, hence standardized criteria for selecting acceptable (strong) instruments must be used.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64727-8_18

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DOI: 10.1007/978-3-030-64727-8_18

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