Crowding Out and Crowding in within Keynesian Framework. Do We Need Any New Empirical Research Concerning Them?
Adam Balcerzak () and
Elzbieta Rogalska ()
Additional contact information
Elzbieta Rogalska: University of Warmia and Mazury, Poland
No 2/2014, Working Papers from Institute of Economic Research
Last global financial crisis resulted in common among developed countries implementation of expansionary fiscal policy as an anti-recession tool. This led to the renewal of academic discussion on stabilization effectiveness of fiscal policy. In this context, the main research goal of this paper is to give theoretical analysis of the determinants of counter-cyclical effectiveness of fiscal policy with special concentration on crowding out and crowding in effects. Methodologically the analysis is done within Keynesian IS-LM framework within the assumption of expectations of economic actors. The theoretical analysis is confronted with the review of empirical papers based on the experiences of developed countries.
Keywords: fiscal policy; crowding out; crowding in; stabilization policy (search for similar items in EconPapers)
JEL-codes: E62 H31 H32 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac
Date: 2014-02, Revised 2014-05
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Published in Journal - Economics & Sociology, Vol. 7, No 2, 2014, pp. 80-93
Downloads: (external link)
http://www.badania-gospodarcze.pl/images/Working_Papers/2014_No_2.pdf First version, 2014 (application/pdf)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:pes:wpaper:2014:no2
Access Statistics for this paper
More papers in Working Papers from Institute of Economic Research Contact information at EDIRC.
Bibliographic data for series maintained by Adam P. Balcerzak ().