Does M1 or Total Loanable Funds Better Measure Offset Effects to Crowd Out?

John Heim

Chapter Chapter 19 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 391-410 from Springer

Abstract: Abstract This chapter determines whether increases in M1 or in total loanable funds best explain the extent to which crowd out can be offset by adding liquidity to the financial system and concludes total loanable funds more accurately measure the extent to which crowd out can be offset by additional liquidity.

Keywords: Consumption; Investment; Government deficits; Crowd out; Loanable funds; Monetary policy; Money supply (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65675-1_19

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DOI: 10.1007/978-3-030-65675-1_19

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