Showing 1 - 10 of 608,449
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...
Persistent link: https://www.econbiz.de/10014433734
Persistent link: https://www.econbiz.de/10011439506
Persistent link: https://www.econbiz.de/10000889291
Persistent link: https://www.econbiz.de/10000826454
Persistent link: https://www.econbiz.de/10000151656
Persistent link: https://www.econbiz.de/10003860980
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 …
Persistent link: https://www.econbiz.de/10003819992
Persistent link: https://www.econbiz.de/10003823341
Persistent link: https://www.econbiz.de/10003972364
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 …
Persistent link: https://www.econbiz.de/10003981942