Sunday , July 21 2019
Home / Thomas Palley: Economics for Democratic and Open Societies / Government Spending in the Income-Expenditure Model: Spending Composition, the Multiplier, and Job Guarantee Programs

Government Spending in the Income-Expenditure Model: Spending Composition, the Multiplier, and Job Guarantee Programs

Summary:
This paper reconstructs the income – expenditure (IE) model to include a distinction between government purchases of output versus government production. The distinction has important consequences for output and employment multipliers. The paper also extends the IE model to incorporate a government job guarantee program (JGP), and the extended model illuminates the automatic stabilizer properties ...

Topics:
Thomas Palley considers the following as important: , , ,

This could be interesting, too:

Dan Crawford writes Weekly Indicators for July 15 – 19 at Seeking Alpha

John Quiggin writes The R word, fifteen years on

Lars Syll writes The validity of statistical induction

Jeff Mosenkis (IPA) writes IPA’s weekly links

This paper reconstructs the income – expenditure (IE) model to include a distinction between government purchases of output versus government production. The distinction has important consequences for output and employment multipliers. The paper also extends the IE model to incorporate a government job guarantee program (JGP), and the extended model illuminates the automatic stabilizer properties [...]
Thomas Palley
Dr. Thomas Palley is an economist living in Washington DC. He holds a B.A. degree from Oxford University, and a M.A. degree in International Relations and Ph.D. in Economics, both from Yale University.

Leave a Reply

Your email address will not be published. Required fields are marked *