The Investment Multiplier: a Different Pedagogical ApproachA20E00JEL A20 E00 This paper presents an alternative method of presenting the investment...doi:10.1007/s11294-016-9588-6Alan HochsteinDepartment of FinanceSpringer USInternational Advances in Economic Research...
the government impleme nts its planned expenditure on goods and services, and net exports are as planned.Firms carry out their plans to purchase new buildings, plant, and equipment.But one component of investment is the change in firms inventories. ...
Moreover, we point out a difficulty for the functioning of the multiplier that arises when — according to Keynes — the liquidity position of the revolving fund of finance is restored at the end of the circulation period. 展开 关键词: Finance Motive Theory Of The Rate Of Interest Multiplier...
In order to let the world know more about the Chinese legal system and policies and regulations, further introduce the foreign investment, and promote economic development and prosperity in China, The legal translation is becoming more and more important. What's more, it is necessary to study ...
1.One that multiplies:This old house is a multiplier of expenses. 2.MathematicsThe number by which another number is multiplied. In 8 × 32, the multiplier is 8. 3.PhysicsA device, such as a phototube, used to enhance or increase an effect. ...
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Keynes's multiplier in a two-sectoral framework This paper endeavours to reinterpret one of the most fundamental concepts of macroeconomics: the Keynesian investment multiplier. The multiplier is not interpreted as a dynamic process (or quantity reaction of output) nor as a logical re... Hartwig,...
The specific approach is to introduce the slack variable to change inequality constraints into equality constraints and to solve the Lagrange equation on the basis of the constraint equation for the optimization problem. Note that the KKT multiplier is greater than or equal to 0 [17]. For the ...
What Is the Multiplier Effect? The multiplier effect refers to the proportional amount of increase, or decrease, in final income that results from an injection, or withdrawal, of capital. The multiplier effect measures the impact that a change in economic activity—like investment or spending—will...