Why Are Keynesian Multipliers Larger in ...
Document type :
Article dans une revue scientifique
DOI :
Permalink :
Title :
Why Are Keynesian Multipliers Larger in Hard Times? A Palley-Aftalion-Pasinetti Explanation
Author(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]
Journal title :
Review of Radical Political Economics
Abbreviated title :
Review of Radical Political Economics
Volume number :
50
Pages :
736-756
Publisher :
SAGE Publications
Publication date :
2018-04-30
HAL domain(s) :
Sciences de l'Homme et Société/Economies et finances
English abstract : [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 ...
Show more >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.Show less >
Show more >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.Show less >
Language :
Anglais
Audience :
Non spécifiée
Administrative institution(s) :
Université de Lille
CNRS
Univ. Littoral Côte d’Opale
CNRS
Univ. Littoral Côte d’Opale
Collections :
Research team(s) :
Économies et sociétés : développement, richesse, innovation et régulation
Submission date :
2019-10-25T10:39:59Z
2019-10-28T12:59:02Z
2019-10-28T12:59:02Z