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Samuelson's Multiplier-Accelerator model is based on the economic mistake of adding together desired investment and … an investment accelerator. I close with an Appendix showing the use of Godley Tables in epidemic modelling. …
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In this chapter, in Sect. 12.1 we provide a sketch of the Keynesian multiplier and the multiplier–accelerator model by …
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his seminal 1939 multiplier-accelerator model with the specific aim to address aspects of Hansen's secular stagnation … and a tight accelerator as in his 1939 model, Samuelson deployed differential equations and a flexible accelerator in …
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