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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (6): Chapters 8, 9 and 10: Keynes’ Theory of Consumer Behaviour
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
Chapters 8, 9 and 10 set out Keynes’ theory of consumer behavior. Chapter 8 is entitled The Propensity to Consume: I … Propensity to Consume and the Multiplier. Contrary to the widely held belief, Keynes saw the consumer as an intertemporally … psychological propensities. Chapter 10 formally introduces the marginal propensity to consume and the multiplier. …
Persistent link: https://www.econbiz.de/10010721585
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Keynes and the Birth of Modern Macroeconomics
Laidler, David - University of Western Ontario, Economic Policy Research … - 2005
The usual description of Keynes's macroeconomics as relying on the postulate of money wage stickiness to explain unemployment, and advocating fiscal policy as its cure, is largely mythical. Rather he was concerned with exploring the theoretical idea that an economy co- ordinated by monetary...
Persistent link: https://www.econbiz.de/10005812552
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Wie groß ist der Keynesianische Multiplikator in Deutschland?
Westermann, Frank - In: Ifo Schnelldienst 57 (2004) 11, pp. 54-55
Staatsausgaben und Steuereinnahmen verursachen nicht nur einen direkten Impuls, sondern lösen auch eine Multiplikatorwirkung aus. Die Erhöhung des Einkommens führt zu einer Ausweitung des privaten Konsums, somit zu einer weiteren Nachfrageerhöhung und einer abermaligen Produktionserhöhung...
Persistent link: https://www.econbiz.de/10005056248
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Lectures on John Maynard Keynes’ General Theory of Employment, Interest and Money (5): Chapter 6, The Definition of Income, Saving and Investment; Appendix to Chapter 6, Appendix o...
Ferguson, Brian S. - Department of Economics and Finance, College of … - 2013
Chapter Six and its Appendix deal in some detail with the way Keynes is defining income, savings and investment in the … General Theory while the appendix to Chapter 6 goes into detail on user cost. His concept of user cost at one point sparked a …. The General Theory is a theory of the short run, but firms’ cost curves, which are key to many short run decisions …
Persistent link: https://www.econbiz.de/10010721590
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Japan's Deteriorating Fiscal Situation
Dekle, Robert - In: CESifo Forum 4 (2003) 4, pp. 16-20
Persistent link: https://www.econbiz.de/10004998651
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РЕГИОНАЛЬНАЯ ИНФРАСТРУКТУРА И КАЧЕСТВО ЖИЗНИ НАСЕЛЕНИЯ: МЕЖСИСТЕМНОЕ ВЗАИМОДЕЙСТВИЕ
ГЕННАДЬЕВНА, НИКОЛАЕВА МАРИНА; … - In: ЭКОНОМИКА РЕГИОНА (2010) 3, pp. 197-203
В работе представлена авторская точка зрения на ряд дискуссионных экономических вопросов в рамках тематики межсистемных связей региональной инфраструктуры...
Persistent link: https://www.econbiz.de/10011246934
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Infrastructure and life quality of the population: intersystem communication of regional
Nikolayeva, Marina; Mordovchenkov, Nikolay - In: Economy of region 1 (2010) 2, pp. 197-203
approach to regional infrastructure research has been offered. A hypothesis regarding regional infrastructure as a multiplier …
Persistent link: https://www.econbiz.de/10011150483
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“Austerian” economics: Does the Vienna school favor fiscal deficit reduction even in a subpar economy?
White, Lawrence - In: The Review of Austrian Economics 27 (2014) 4, pp. 351-358
Does the economic analysis associated with the modern Austrian school favor a policy of restraining the government’s fiscal deficit even in a subpar economy, as suggested by those who (pejoratively) label such a policy “austerian”? Because resources are not superabundant even in a subpar...
Persistent link: https://www.econbiz.de/10011154710
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A Pitfall with DSGE-Based, Estimated, Government Spending Multipliers
Fève, Patrick; Matheron, Julien; Sahuc, Jean-Guillaume - Toulouse School of Economics (TSE) - 2012
This paper examines issues related to the estimation of the government spending multiplier (GSM) in a Dynamic …
Persistent link: https://www.econbiz.de/10011004767
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Keynes’s employment function and the gratuitous Phillips curve disaster
Kakarot-Handtke, Egmont - Volkswirtschaftliche Fakultät, … - 2012
Keynes had a lot of plausible things to say about unemployment and its causes. His ‘mercurial mind’, though, relied on intuition which means that he could not prove his diverse opinions convincingly. This explains why Keynes’s ideas immediately invited bastardizations. One of them, the...
Persistent link: https://www.econbiz.de/10011257999