Why Are Keynesian Multipliers Larger in ...
Type de document :
Article dans une revue scientifique
DOI :
URL permanente :
Titre :
Why Are Keynesian Multipliers Larger in Hard Times? A Palley-Aftalion-Pasinetti Explanation
Auteur(s) :
Charles, Sébastien [Auteur]
Laboratoire d'Economie Dionysien [LED]
Dallery, Thomas [Auteur]
Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 [CLERSÉ]
Marie, Jonathan [Auteur]
Centre d'Economie de l'Université Paris Nord [CEPN]
Laboratoire d'Economie Dionysien [LED]
Dallery, Thomas [Auteur]

Centre Lillois d’Études et de Recherches Sociologiques et Économiques - UMR 8019 [CLERSÉ]
Marie, Jonathan [Auteur]
Centre d'Economie de l'Université Paris Nord [CEPN]
Titre de la revue :
Review of Radical Political Economics
Nom court de la revue :
Review of Radical Political Economics
Numéro :
50
Pagination :
736-756
Éditeur :
SAGE Publications
Date de publication :
2018-04-30
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [en]
We use the Annual Macroeconomic database of the European Commission (AMECO) to confirm that textbook multipliers are nearly always greater than one and that they increase during recessions. Propensity to import falls in ...
Lire la suite >We use the Annual Macroeconomic database of the European Commission (AMECO) to confirm that textbook multipliers are nearly always greater than one and that they increase during recessions. Propensity to import falls in recessions through the combined effects of the amplified fall in investment and the high import content of investment. A change in saving behavior may also raise the multiplier. These findings strongly support the need for countercyclical fiscal policies during recessions.Lire moins >
Lire la suite >We use the Annual Macroeconomic database of the European Commission (AMECO) to confirm that textbook multipliers are nearly always greater than one and that they increase during recessions. Propensity to import falls in recessions through the combined effects of the amplified fall in investment and the high import content of investment. A change in saving behavior may also raise the multiplier. These findings strongly support the need for countercyclical fiscal policies during recessions.Lire moins >
Langue :
Anglais
Audience :
Non spécifiée
Établissement(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Équipe(s) de recherche :
Économies et sociétés : développement, richesse, innovation et régulation
Date de dépôt :
2019-10-25T10:39:59Z
2019-10-28T12:59:02Z
2019-10-28T12:59:02Z