Werner, Richard A. - 2011 - This Version: September 2011
credit view literature. The model postulates complete quantity crowding out. It is subjected to empirical tests, which were … that by changing the funding strategy, complete crowding out can be avoided and a positive net effect produced. The …). -- Credit ; Crowding Out ; Equation of Exchange ; Fiscal Policy ; Japan ; Monetarism ; Monetary Policy ; Quantity Equation …