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Do FR Security Purchases, Used as 2 Variable Deficit Modifiers, Reduce Crowd Out, Controlling for Private Savings?

In: Why Fiscal Stimulus Programs Fail, Volume 2

Author

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  • John J. Heim

    (State University of New York)

Abstract

This chapter again tests for the effectiveness of exogenous loanable funds growth controlling for only private saving and foreign borrowing as other sources of loanable funds. However, in this chapter, the effects off this type of deficit remediation are tested on tax and spending deficits separately. Again, the finding is that total loanable funds or the whole endogenous part is the better control.

Suggested Citation

  • John J. Heim, 2021. "Do FR Security Purchases, Used as 2 Variable Deficit Modifiers, Reduce Crowd Out, Controlling for Private Savings?," Springer Books, in: Why Fiscal Stimulus Programs Fail, Volume 2, chapter 0, pages 403-423, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-64727-8_17
    DOI: 10.1007/978-3-030-64727-8_17
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