Arbeitspapier
The Keynesian multiplier effect reconsidered
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 730
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Fiscal Policy
Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
- Thema
-
the multiplier effect
public works
unemployment benefits
national income accounting
Multiplikator
Keynesianismus
Öffentlicher Bauauftrag
Öffentliche Sozialleistungen
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ono, Yoshiyasu
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ono, Yoshiyasu
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2009
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