offer formulae for the Keynesian multiplier which depend on the degree of substitution. We also show that there is a Pigou … effect and that this effesct might be larger than the effect of the Keynesian multiplier …

returns on equity, conditional on observable consumption, suggest the Puzzle of the Keynes' Consumption Multiplier …

Several recent studies have computed different values for US Keynesian expenditure multiplier. This study examines how … increases in the US marginal propensity to import have reduced the multiplier. OLS estimate for two time periods are made for …- and post-NAFTA/WTO time frames. In particular, the multiplier decreased from 2.12 during the 1972-1991 period to 1 …

Factor supply increases (depresses) output for many of the same reasons that the government spending multiplier might …" and suggest that the government spending multiplier is less than one, even during the recession …

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 … in his application of the mathematical theory of the multiplier. Keynes privately showed Kahn sometime between May 1929 …

Keynes had completely developed the Logical Theory of the Multiplier in his A Treatise on Probability in 1921 in … Theory of the Multiplier where one would use arithmetic to actually calculate a worked out example of the process. As pointed … problem, which would be based on the Logical Theory of the Multiplier that he had already worked out in 1908 and 1921, to Kahn …