Since 2014
Crowding out: the real issues
PSL Quarterly Review
View Archive Info| Field | Value | |
| Title |
Crowding out: the real issues
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| Creator |
WILSON, T.
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| Subject |
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Financial crowding-out, investment, interest rate, full employment E22, E24, E43, E62 |
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| Description |
The present work reviews the debate on financial crowding-out in an economy with slack resources. Although this has been described as the academic approach to crowding-out, it has proved to be useful in helping to break the deeply engrained neo-Keynesian habit of assuming that the supply of funds is always fully accommodating. The removal of this special assumption amounts in effect to an acceptance of the earlier and wrongly ousted view that saving and investment can directly affect the rate of interest, especially in the short run. The author then considers the practical task of bringing financial crowding-out into an appropriate relationship with crowding-out in real terms and the changing meaning of the term “full employment”.
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| Publisher |
Economia civile
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| Contributor |
—
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| Date |
2013-12-01
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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| Format |
application/pdf
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| Identifier |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11145
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| Source |
PSL Quarterly Review; Vol 32, No 130 (1979)
PSL Quarterly Review; Vol 32, No 130 (1979) 2037-3643 ISSN 2037-3635 |
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| Language |
eng
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| Relation |
http://annalidibotanica.uniroma1.it/index.php/PSLQuarterlyReview/article/view/11145/11018
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| Rights |
Copyright (c) 2016 T. WILSON
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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