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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Basu, Deepankar | en |
dc.date.accessioned | 2012-09-25T07:18:26Z | - |
dc.date.available | 2012-09-25T07:18:26Z | - |
dc.date.issued | 2009 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aUniversity of Massachusetts, Department of Economics |cAmherst, MA | en |
dc.relation.ispartofseries | |aWorking Paper |x2009-14 | en |
dc.subject.jel | E12 | en |
dc.subject.jel | E20 | en |
dc.subject.ddc | 330 | en |
dc.title | The paradox of thrift and crowding-in of private investment in a simple IS-LM model | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 632153970 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:ums:papers:2009-14 | en |
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