Tag Archives: the multiplier

American Recovery Act and stimulus program has a multiplier of more than 2: hence it was a very effective program

There have been a lot of false claims made about the ineffectiveness of the American Recovery act and the stimulus that it administered. But if one actually examines the data and calculates the rise in the GDP over the years … Continue reading

Posted in business cycles, deficit hysteria, fiscal policy, Keynesian multiplier, treasury view, U.S., Uncategorized, unemployment | Tagged , | Leave a comment

Some notes on the multiplier

A key component of Keynes’ General Theory was R.F. Kahn’s development of the multiplier first published in the Economic Journal in June, 1931 ‘The  Relation of Home Investment to Unemployment.’ Kahn was not the only economist to develop this concept. … Continue reading

Posted in J.M.Keynes, Keynesian multiplier, Uncategorized | Tagged , , | Leave a comment