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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

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

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

Macroeconomic Modeling of Money, Credit, and Banking

Anabtawi, Iman; Smith, Gary - In: Eastern Economic Journal 20 (1994) 3, pp. 275-290

A supply-and-demand model of deregulated financial markets is compared to deposit-multiplier models, interest …

Persistent link: https://www.econbiz.de/10005769772

The Money Multiplier, the Money Market, and the LM Curve

Black, David C.; Dowd, Michael R. - In: Eastern Economic Journal 20 (1994) 3, pp. 301-310

By taking into account the procyclical nature of the money multiplier varies procyclically due to the public … fiscal policy multipliers will vary in size with the money multiplier. …

Persistent link: https://www.econbiz.de/10005769960

WP 2009-1 Re-specifying the Keynesian Income-Expenditure Model to Properly Account for Imports: Implications for Fiscal Policy

Palley, Thomas - Bernard Schwartz Center for Economic Policy Analysis … - 2009

Persistent link: https://www.econbiz.de/10005795538

Understanding and Using Economic Multipliers (PowerPoint)

Hodges, Alan W. - USDA Economists Group - 2007

Presented to USDA Economists Group, June 18, 2007

Persistent link: https://www.econbiz.de/10005801058

The Keynesian multiplier and the Pigou effect under substitution between private and public consumption

Corchón, Luis Carlos - In: Economics Bulletin 30 (2010) 1, pp. 829-836

offer formulae for the Keynesian multiplier which depend on this degree of substitution. We also show that there is a Pigou … effect and that, sometimes, this effect is larger than the Keynesian multiplier. …

Persistent link: https://www.econbiz.de/10008540648

Discretionary Fiscal Policy: The Case of Switzerland

Frick, Andres; Graff, Michael; Hartwig, Jochen; … - KOF Swiss Economic Institute, Department of Management, … - 2010

In the aftermath of the euro cash changeover consumers’ inflation perceptions rose substantially in the euro area countries while actual inflation figures remained almost unchanged. During that period media reporting on the potentially large inflationary effect of the euro introduction...

Persistent link: https://www.econbiz.de/10008522403

Monetary Policy and its Theoretical Foundations

Laidler, David - University of Western Ontario, Economic Policy Research … - 2005

traditional approach to the theory of money that stresses its means of exchange role. It suggests that, though there are … for monetary theory per se, and for the discussion of currently relevant monetary policy questions. It concludes that the …

Persistent link: https://www.econbiz.de/10005812560