We report estimates of the fiscal multiplier for interwar Britain based on quarterly data, time-series econometrics …, and 'defense news'. We find that the government expenditure multiplier was in the range 0.5 to 0.8, much lower than … rearmament gave a substantial boost to real GDP after 1935 but this was because the private sector responded to news of massive …

We report estimates of the fiscal multiplier for interwar Britain based on quarterly data, time-series econometrics …, and ‘defense news’. We find that the government expenditure multiplier was in the range 0.5 to 0.8, much lower than … rearmament gave a substantial boost to real GDP after 1935 but this was because the private sector responded to news of massive …

We report estimates of the fiscal multiplier for interwar Britain based on quarterly data, time-series econometrics …, and ‘defense news’. We find that the government expenditure multiplier was in the range 0.3 to 0.8, much lower than … rearmament gave a smaller boost to real GDP than previously claimed. Rearmament may, however, have had a larger impact than a …

This study proposes a simple modification to a Social Accounting Matrix (SAM) in order to analyze the multiplier … requirement of the program and a new-factor income distribution. -- Hypothetical integration ; multiplier analysis ; social …

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 …

We report estimates of the fiscal multiplier for interwar Britain based on quarterly data and timeseries econometrics …. We find that the government-expenditure multiplier was in the range 0.3 to 0.9 even during the period that interest rates …