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measures emphasize that government spending can stimulate additional private spending — the Keynesian multiplier effect. Thus …-Keynesian DSGE models provide a strong case for government savings packages. Announced with sufficient lead time, spending cuts …
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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 … sustenance and growth of any economy. This paper also implies a sketchy model of the theory of income in the lines of John …
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mathematical theory of the multiplier at least 10 years before the publication of Kahn's article and applied his knowledge by … providing an application of the multiplier theory in May of 1929, at least two years before the publication of Kahn's article … questions concerning Keynes's role in the development of the multiplier…”. Pace Kent, anyone who has read Keynes's chapter 26 in …
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Renewed interest in fiscal policy has increased the use of quantitative models to evaluate policy. Because of modelling uncertainty, it is essential that policy evaluations be robust to alternative assumptions. We find that models currently being used in practice to evaluate fiscal policy...
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