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

In: Why Fiscal Stimulus Programs Fail, Volume 1

Author

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  • John J. Heim

    (State University of New York)

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.

Suggested Citation

  • John J. Heim, 2021. "Does M1 or Total Loanable Funds More Accurately Define the Extent to Which Crowd Out Can Be Modified?," Springer Books, in: Why Fiscal Stimulus Programs Fail, Volume 1, chapter 0, pages 413-446, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-65675-1_20
    DOI: 10.1007/978-3-030-65675-1_20
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