the generality of this result w.r.t. size and persistence of the shock, size of the government spending multiplier, and … spending on economic recovery. -- deficit spending ; government spending multiplier ; economic recovery ; economic ; growth. …

capital in the decentralized market equilibrium and, thus, creates an investment multiplier. Some form of investment promotion … subsidy. -- monopolistic competition ; business formation ; investment multiplier ; under-accumulation of capital … between business formation and medium run growth. An investment externality is identified that results in underaccumulation of …