Does M1 More Accurately Define the Extent to Which Crowd Out Can Be Modified Than Total Loanable Funds?

John Heim

Chapter Chapter 12 in Why Fiscal Stimulus Programs Fail, Volume 2, 2021, pp 285-318 from Springer

Abstract: Abstract This chapter examines the effect of M1 and both endogenous and exogenous loanable funds availability on GDP an concludes FR purchases have the stronger positive effect.

Keywords: M1; Loanable Funds; FR Security Purchases (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64727-8_12

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DOI: 10.1007/978-3-030-64727-8_12

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