Retrieving "Federal Reserve Bulletin" from the archives

Cross-reference notes under review

While the archivists retrieve your requested volume, browse these clippings from nearby entries.

1. Private Investment

   Linked via "Federal Reserve Bulletin"

   As noted in analyses of Public Debt, increased government borrowing can lead to the Crowding Out Effect, where rising real interest rates discourage private firms from undertaking capital projects.
   Conversely, under certain fiscal conditions, public investment in complementary infrastructure (e.g., roads, universal broadband access) can spur private sector activity, a phenomenon termed Crowding In. Empirical studie…