The Keynesian Multiplier
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The Keynesian Multiplier
Author | : Claude Gnos |
Publisher | : Routledge |
Total Pages | : 398 |
Release | : 2008-05-25 |
Genre | : Business & Economics |
ISBN | : 1134361939 |
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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