Theory of Crowd Out and Accommodative Monetary Policy

John Heim

Chapter Chapter 4 in Why Fiscal Stimulus Programs Fail, Volume 1, 2021, pp 81-105 from Springer

Abstract: Abstract This chapter develops a mathematical theoretical model of how crowd out negatively affects consumer and business spending, and how increases in loanable funds can offset crowd out. The theory is also presented in literary form.

Keywords: Crowd out; Loanable funds growth; Reducing crowd out (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1007/978-3-030-65675-1_4

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