Do Loanable Funds Modify the Crowd Out Effects of the Two-Variable Deficit (T), (G)?

John Heim

Chapter Chapter 18 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 323-389 from Springer

Abstract: Abstract This chapter verifies that Chapter 15 results can be (and were) replicated in multiple time periods and models. Tests use two separate variables to define the deficit, government revenue, and government spending (T, G) to see if tax cut vs. spending increase deficits have different effects, and concludes they do. It also tests the effects of increases in loanable funds in reducing crowd out, an concludes such increases are effective.

Keywords: Consumption; Investment; Government deficits; Crowd out; Loanable funds; Monetary policy (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-65675-1_18

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