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

John Heim

Chapter Chapter 20 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 413-446 from Springer

Abstract: Abstract This chapter tests additional M1 models. It examines whether the deficit, modified by growth in M1, is a more accurate measures of how much crowd out effects can be modified than deficits modified by changes in total LF. Total LF was found to be a better measure of how much crowd out can be offset than M1.

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_20

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DOI: 10.1007/978-3-030-65675-1_20

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