Explain the working of the multiplier process.Question:Explain the working of the multiplier process.Macroeconomics:Unlike microeconomics which focuses on individual factors, macroeconomics refers to a branch of economics responsible for the study of general components of the economy such as national produc...
The Working of the Multiplier The Multiplier and Keynesian Economics The concept of the multiplier process became important in the 1930s when John Maynard Keynes suggested it as a tool to help governments to achieve full employment. This macroeconomic “demand-management approach”‚ designed to hel...
Breusch and Pagan’s multiplier test tells us that the random effect model is appropriate between OLS and Random Effects. The Hausman test explains the finest model from the second twofold models. In the end, AR and hetero-scedastic problems were resolved using 4–7 regression models, ...
Then the multiplier of deficit spending on short-run output at ... Ivan,Werning - 《Working Paper》 被引量: 0发表: 2011年 Fiscal Policy, Monopolistic Competition, and Finite Lives The paper studies the short-run, transitional, and long-run output effects of permanent and temporary shocks in...
This study estimates the local employment multiplier for the case of Korea by using two distinct geographic units of analyses: working vs. living areas. Empirical results show that the estimates based on residential areas are relatively larger. From IV results, each additional job in the ...
MICHAEL HUDSON: Well, since Richard has described the economics forces behind the election and said almost everything that I would have said in my own language, that leaves me to discuss the politics of the election. And actually, this is one of the few elections where it wa...
(2018) empirically found that working capital finance can be an important channel for understanding how the credit multiplier affects economic activity. More precisely, the effects of shocks to input prices are amplified by endogenous changes in net worth: as firms’ profit and net worth are ...
Green, F. (2011). Unpacking the misery multiplier: How employability modifies the impacts of unemployment and job insecurity on well-being and mental health.Journal of Health Economics, 30(2), 265–276. ArticleGoogle Scholar Greenhaus, J. H., & Powell, G. N. (2006). When work and famil...
It appears that partners are selected on the basis of ... G Duysters,C Lemmens,G Duysters,... 被引量: 0发表: 2013年 NBER WORKING PAPER SERIES WHEN IS THE GOVERNMENT SPENDING MULTIPLIER LARGE? We argue that the government-spending multiplier can be much larger than one when the zero ...
NBER WORKING PAPER SERIES WHEN IS THE GOVERNMENT SPENDING MULTIPLIER LARGE? We argue that the government-spending multiplier can be much larger than one when the zero lower bound on the nominal interest rate binds. The larger is the fra Christiano, Lawrence J.,M Eichenbaum,S Rebelo - 《Social...