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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...
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This paper explores the Marxian genetic root of the multiplier in order to clarify its foundations and validity …-Keynes multiplier …
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The principles of income multiplier and the investment 'accelerator' play important role in determining the national … income. This paper attempts to highlight that the ideas contained in Keynes' Multiplier and the Accelerator Principle are … Maynord Keynes and also highlights the recognition and theorizing the concepts like income multiplier and investment …
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concept of the multiplier in his A Treatise on Probability in 1921 long before Richard Kahn came to Cambridge in 1927 at the … 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 …
Persistent link: https://www.econbiz.de/10012907306
questions concerning Keynes's role in the development of the multiplier…”. Pace Kent, anyone who has read Keynes's chapter 26 in … “unanswered questions concerning Keynes's role in the development of the multiplier…”. Keynes developed the logical and … mathematical theory of the multiplier at least 10 years before the publication of Kahn's article and applied his knowledge by …
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