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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Language English ● Format EPUB ● Pages 224 ● ISBN 9781134361939 ● Editor Claude Gnos & Louis-Philippe Rochon ● Publisher Taylor and Francis ● Published 2008 ● Downloadable 6 times ● Currency EUR ● ID 2644417 ● Copy protection Adobe DRM
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