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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 … 1930s, we argue that we can draw from these works valuable insights into the theoretical and empirical scope of the Kahn-Keynes … multiplier …
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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 … would take on all comers who questioned the concept of the multiplier. Kent showed that Keynes had made an arithmetic error …
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