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Working Papers, Department of Economics, University of Massachusetts >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/64189
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Basu, Deepankar | | en_US |
| dc.date.accessioned | | 2012-09-25T07:18:26Z | | - |
| dc.date.available | | 2012-09-25T07:18:26Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/64189 | | - |
| dc.description.abstract | | This paper derives conditions for two key Keynesian propositions in a simple IS-LM model: (a) the paradox of thrift, and (b) the crowding-in of private investment expenditures by government expenditures. A linear specifcation of the model is then presented as a special case that can be used for empirical analysis. Using data for the US economy for the period 1959 - 2009, time series estimation of the linear model using instrumental variables regression shows that the paradox of thrift and crowding-in are real possibilities, especially in the sub-period, 1974 - 2009, that excludes the Golden Age of capitalism. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Univ. of Massachusetts, Dep. of Economics Amherst, Mass. | | en_US |
| dc.relation.ispartofseries | | Working Paper, University of Massachusetts, Department of Economics 2009-14 | | en_US |
| dc.subject.jel | | E12 | | en_US |
| dc.subject.jel | | E20 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.title | | The paradox of thrift and crowding-in of private investment in a simple IS-LM model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 632153970 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | Working Papers, Department of Economics, University of Massachusetts
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