The Keynesian Multiplier Effect Reconsidered PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Keynesian Multiplier Effect Reconsidered PDF full book. Access full book title The Keynesian Multiplier Effect Reconsidered by Yoshiyasu Ono. Download full books in PDF and EPUB format.
Author: Yoshiyasu Ono
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The Keynesian multiplier effect is reinterpreted and several issues that may have misled assessments of the effect of fiscal spending are discussed. It is shown that even in the textbook Keynesian framework some transfer policy 'reduces' aggregate demand and that public works spending may completely crowd out private consumption. Useless public works are found to be equivalent to transfers although they increase accounting national income more than transfers do. The net effect of fiscal spending on national benefits is explored and shown to equal only the direct benefit created by the spending.
Author: Yoshiyasu Ono
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
The Keynesian multiplier effect is reinterpreted and several issues that may have misled assessments of the effect of fiscal spending are discussed. It is shown that even in the textbook Keynesian framework some transfer policy 'reduces' aggregate demand and that public works spending may completely crowd out private consumption. Useless public works are found to be equivalent to transfers although they increase accounting national income more than transfers do. The net effect of fiscal spending on national benefits is explored and shown to equal only the direct benefit created by the spending.
Author: Claude Gnos
Publisher: Routledge
ISBN: 1134361947
Category : Business & Economics
Languages : en
Pages : 221
Get Book Here
Book Description
Keynes' notion of "the multiplier" is central to the General Theory. The only book to tackle this important subject, The Keynesian Multiplier is sure to be a hit with macroeconomists everywhere.
Author: Ole Ohlson
Publisher: GRIN Verlag
ISBN: 3346655903
Category : Business & Economics
Languages : en
Pages : 64
Get Book Here
Book Description
Bachelor Thesis from the year 2021 in the subject Economics - Monetary theory and policy, grade: 1,3, University of Frankfurt (Main), course: Wirtschaftswissenschaften, language: English, abstract: This thesis aims at giving a broad outlook on fiscal discussions and standpoints concerning crises which might occur and ultimately aims at answering the following question: How can financial authorities shape public spending and what are the steps necessary? – Lessons learned from the global financial crisis of 2008. The Keynesian multiplier process is a concept which was first introduced by Richard Kahn and later on carried further by John Maynard Keynes. This concept was rather simple and very intuitive; if a government increases its spending, the resulting output will increase as well. This became especially relevant in times of crises, when governments were aiming at raising their output. The analysis of how government spending would affect output became omnipresent and there are different standpoints in the literature concerning this, most of them focusing on different aspects, such as the timing of news, spillover effects to other countries, the general environment of the economies and also different model approaches to estimate said multiplier as good as possible and to include as many different determinants as possible.
Author: Massimo De Angelis
Publisher:
ISBN:
Category :
Languages : en
Pages : 14
Get Book Here
Book Description
Author: Claude E. Elias
Publisher:
ISBN:
Category : Multiplier (Economics)
Languages : en
Pages : 202
Get Book Here
Book Description
Author: Luis C. Corchón
Publisher:
ISBN:
Category :
Languages : en
Pages : 10
Get Book Here
Book Description
In this paper we present a fixprice model in which public and private consumption show some degree of substitution. We 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.
Author: John Maynard Keynes
Publisher: Springer
ISBN: 3319703447
Category : Business & Economics
Languages : en
Pages : 430
Get Book Here
Book Description
This book was originally published by Macmillan in 1936. It was voted the top Academic Book that Shaped Modern Britain by Academic Book Week (UK) in 2017, and in 2011 was placed on Time Magazine's top 100 non-fiction books written in English since 1923. Reissued with a fresh Introduction by the Nobel-prize winner Paul Krugman and a new Afterword by Keynes’ biographer Robert Skidelsky, this important work is made available to a new generation. The General Theory of Employment, Interest and Money transformed economics and changed the face of modern macroeconomics. Keynes’ argument is based on the idea that the level of employment is not determined by the price of labour, but by the spending of money. It gave way to an entirely new approach where employment, inflation and the market economy are concerned. Highly provocative at its time of publication, this book and Keynes’ theories continue to remain the subject of much support and praise, criticism and debate. Economists at any stage in their career will enjoy revisiting this treatise and observing the relevance of Keynes’ work in today’s contemporary climate.
Author: Richard Hemming
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 62
Get Book Here
Book Description
This paper reviews the theoretical and empirical literature on the effectiveness of fiscal policy. The focus is on the size of fiscal multipliers, and on the possibility that multipliers can turn negative (i.e., that fiscal contractions can be expansionary). The paper concludes that fiscal multipliers are overwhelmingly positive but small. However, there is some evidence of negative fiscal multipliers.
Author: Bradley W. Bateman
Publisher: Harvard University Press
ISBN: 9780674053540
Category : Business & Economics
Languages : en
Pages : 324
Get Book Here
Book Description
Keynesian economics, which proposed that the government could use monetary and fiscal policy to help the economy avoid the extremes of recession and inflation, held sway for thirty years after World War II. However, it was discredited after the stagflation of the 1970s, which not only proved resistant to traditional Keynesian policies but was actually thought to be caused by them. By the 1990s, the anti-Keynesian counter-revolution seemed to reach its pinnacle with the award of several Nobel Prizes in economics to its architects at the University of Chicago. However, with the collapse of the dot-com boom in 2000 and the attacks of 9/11 a year later, the nature of macroeconomic policy debate took a turn. The collapse prompted a major shift in macroeconomic policy, as the Bush administration and other governments around the world began to resort to Keynesian measures--both monetary and fiscal policies--to stabilize the economy. The Keynesian rebirth has been most dramatically illustrated during the past year when central banks have pumped billions of dollars of liquidity into the world's financial system to address the crises of confidence, illiquidity, and insolvency that were triggered by the sub-prime lending crisis. The Return to Keynes puts Keynesian economics in a fresh perspective in order to assess this surprising new era in economic policy making.
Author: L. Randall Wray
Publisher: Springer
ISBN: 1137539925
Category : Business & Economics
Languages : en
Pages : 322
Get Book Here
Book Description
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
