The Keynesian Multiplier

The Keynesian Multiplier

Forfatter: Louis-Philippe Rochon, Claude Gnos
Forlag: Taylor & Francis
Udgave: 1
Udgivelsesdato: 2008
ISBN: 9780415320139

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The multiplier is a central concept in Keynesian and post-Keynesian economics.  It is largely what justifies activist full-employment fiscal policy: an increase in fiscal expenditures contributing to multiple rounds of spending, thereby financing itself.  Yet, while a copingstone of post-Keynesian theory, it is not universally accepted by

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