We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … demand through a multiplier-like process but that the implication is quite different. It works through not an increase in … consumption function ; multiplier effect ; Keynesian Cross ; persistent unemployment ; aggregate demand …

aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the …

recession. It is an application of the Keynesian multiplier theory, which was expounded in Keynes' 1936 economic treatise, The … General Theory of Employment, Interest and Money. Post-1936 economic history has given the multiplier theory mixed reviews … economist and journalist. He discussed the multiplier theory in the 1840s, more than a generation before John Maynard Keynes …

aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the …

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … demand through a multiplier-like process but that the implication is quite different. It works through not an increase in …

We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic … demand through a multiplier-like process but that the implication is quite different. It works through not an increase in …

The Keynesian multiplier effect is reinterpreted and several issues that may have misled assessments of the effect of … multiplier effect ; public works ; unemployment benefits ; national income accounting …

Although the Keynesian multiplier effect of public works is criticized for lack of a microeconomic foundation, it is … expenditure in the presence of unemployment and that the argument on the multiplier effect seriously misleads the present national … also provided. -- multiplier effect ; consumption function ; national income account …

multiplier. It presents a New Open Economy Macroeconomics model which is extended with the formation of 'deep habits' by … producers to move their markups counter-cyclically and generates a positive fiscal multiplier of private consumption. The main … outcome is a mechanism elaborating that both openness to trade and exchange rate exibility limit the fiscal multiplier in …