Does Modification of the Two-Variable Deficit (T) (G) by FR Purchases Better Measure Crowd Out, Controlling for Endogenous Loanable Funds Growth?

John Heim

Chapter Chapter 15 in Why Fiscal Stimulus Programs Fail, Volume 2, 2021, pp 357-373 from Springer

Abstract: Abstract Repeats the tests of the effects on crowd out of growth in the exogenous (Fed) part of loanable funds growth, while again controlling for other, endogenous, sources of growth. The difference with Chapter 14 is that the effects on tax cut deficits (T) and spending deficits are tested separately.

Date: 2021
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DOI: 10.1007/978-3-030-64727-8_15

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