Vanoverberghe, Didier - 2021
From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … theoretical merits of this multiplier. Even the biggest opponents like Friedman have only questioned the multiplier value, judged … to be closed from 1 in the permanent income that competes with it. We will show in this first article that the multiplier …
