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Crowding Out Fiscal Stimulus: Testing the Effectiveness of US Government Stimulus Programs - Tapa blanda
Sinopsis
1. Introduction
2. Theory of Crowd Out
3. Literature Review
4. Methodology
5. Test Results: Consumer Spending and Borrowing Models (1 Variable Deficit)
6. Test Results: Investment Spending and Borrowing Models (1 Variable Deficit)
7. Test Results: Consumer Spending and Borrowing Models (2 Variable Deficit)
8. Test Results: Investment Spending and Borrowing Models (2 Variable Deficit)
9. Are Findings of 1 and 2 Variable Consumer and Investment Deficit Models Consistent?
10. Effects of Stimulus Programs on GDP, Net of Crowd Out Effects
11. Dynamic Effects
12. Alternatives to Financing Stimulus Programs with Domestic Borrowing
13. A Note on the Disposable Income Variable in the Consumption Models
14. Do Crowd Out Effects Differ in Recessions and Nonrecession Periods?
15. Does the Gale/Orszag Hypothesis Explain Tax and Spending Effects Better in Recession than Nonrecession Periods?
16. Summary of Findings and Conclusions
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