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Fiscal policy : post- or New Keynesian?
Gechert, Sebastian - In: European journal of economics and economic policies : … 20 (2023) 2, pp. 338-355
This paper asks whether the post-Keynesian or New Keynesian paradigm provides a more realistic description of the effects of fiscal policy on output and consumption. I establish some macro and microeconomic stylized facts on fiscal multipliers and marginal propensities to consume based on the...
Persistent link: https://www.econbiz.de/10014433734
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The Keynesian multiplier effect reconsidered
Ono, Yoshiyasu - 2009
The Keynesian multiplier effect is reinterpreted and several issues that may have misled assessments of the effect of … multiplier effect ; public works ; unemployment benefits ; national income accounting …
Persistent link: https://www.econbiz.de/10003819992
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A reinterpretation of the Keynesian consumption function and multiplier effect
Murota, Ryu-ichiro; Ono, Yoshiyasu - 2010
We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … demand through a multiplier-like process but that the implication is quite different. It works through not an increase in … consumption function ; multiplier effect ; Keynesian Cross ; persistent unemployment ; aggregate demand …
Persistent link: https://www.econbiz.de/10003981942
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The possibility of ideological bias in structural macroeconomic models
Saint-Paul, Gilles - 2011
Persistent link: https://www.econbiz.de/10009378443
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Simple analytics and empirics of the government spending multiplier and other "Keynesian" paradoxes
Mulligan, Casey B. - 2011
Persistent link: https://www.econbiz.de/10010434746
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Genesis and Foundations of the Multiplier : Marx, Kalecki and Keynes
Sordi, Serena - 2010
This paper explores the Marxian genetic root of the multiplier in order to clarify its foundations and validity …-Keynes multiplier …
Persistent link: https://www.econbiz.de/10013135672
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Equity Premium Puzzle : The Puzzle of the Keynes’ Consumption Multiplier
McPherron, Pat - 2017
returns on equity, conditional on observable consumption, suggest the Puzzle of the Keynes' Consumption Multiplier …
Persistent link: https://www.econbiz.de/10012964430
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J M Keynes, Not R Kahn, Created and Developed the Logical Theory of the Multiplier in the General Theory in 1936 Based on His a Treatise on Probability Exposition in 1921 : Kahn’s...
Brady, Michael Emmett - 2018
completely worked out application of the theory of the multiplier in the EJ. Keynes delegated this task to Kahn. Kent (2007 …) demonstrated that in May 1929, Keynes had applied his logical theory of the multiplier in preparation for a speech in which he … in his application of the mathematical theory of the multiplier. Keynes privately showed Kahn sometime between May 1929 …
Persistent link: https://www.econbiz.de/10012907306
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On Keynes’s Formal Development of the Logical Theory of the Multiplier in the A Treatise on Probability in 1921 : It Was Keynes Who Helped Kahn, Not Kahn Who Helped Keynes
Brady, Michael Emmett - 2018
Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in … Theory of the Multiplier where one would use arithmetic to actually calculate a worked out example of the process. As pointed … problem, which would be based on the Logical Theory of the Multiplier that he had already worked out in 1908 and 1921, to Kahn …
Persistent link: https://www.econbiz.de/10012907805