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A Monetarist Model for Economic Stabilization: Review and Update - Review

Keith M. Carlson reviews the development of the monetarist econometric model that he and Andy published in the April 1970 Review article and presents an updated version, comparing it with the original model.

research.stlouisfed.org/.../10/01/a-monetarist-model-for-economic-stabilization-review-and-update/

Projecting With the St. Louis Model: A Progress Report - Review

The St. Louis model was designed to project the general time path of response of certain key economic variables to monetary and fiscal actions.

research.stlouisfed.org/.../review/1972/02/01/projecting-with-the-st-louis-model-a-progress-report

Crowding Out and Its Critics - Review

Does Government spending displace a near equal amount of private spending? This notion, popularly known as the “crowding-out” effect of Government expenditures, has recently gained wide-spread attention at two levels. First, at the policy level, public officials have expressed concern, that massive current and projected Federal deficits will have a deleterious effect on private capital expenditures for some time to come. Second, at the academic level, “crowding out” is at least one of the issues which helps to distinguish between followers of the two major macroeconomic schools of thought—Keynesians and monetarists.

research.stlouisfed.org/publications/review/1975/12/01/crowding-out-and-its-critics