Comparing Endogenous and Total Loanable Funds Modifiers to Deficit Variables

John Heim

Chapter Chapter 24 in Why Fiscal Stimulus Programs Fail, Volume 2, 2021, pp 529-553 from Springer

Abstract: Abstract In a series of additional tests to determine which variable best explains the reduction in crowd out, total loanable funds again tended to explain more variation in the consumption and investment data than endogenous loanable funds alone. In these tests, there was both a loanable funds deficit variable modifier used and a stand-alone loanable funds variable of the same type. This gave different models for comparison than tested in earlier chapters.

Date: 2021
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DOI: 10.1007/978-3-030-64727-8_24

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