by 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: Economics, Political Economy, U.S. Policy, Uncategorized
This could be interesting, too:
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 [...]
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: Economics, Political Economy, U.S. Policy, Uncategorized
This could be interesting, too:
tom writes The Ukraine war and Europe’s deepening march of folly
Lars Pålsson Syll writes Schuldenbremse bye bye
Lars Pålsson Syll writes What’s wrong with economics — a primer
Stavros Mavroudeas writes CfP of Marxist Macroeconomic Modelling workgroup – 18th WAPE Forum, Istanbul August 6-8, 2025