Forced Saving versus the Multiplier

G. R. Steele
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G. R. Steele: University of Lancaster

Chapter 6 in Monetarism and the Demise of Keynesian Economics, 1989, pp 53-64 from Palgrave Macmillan

Abstract: Abstract Equal in stature to the Liquidity Preference theory of interest rate determination, which dominates the monetary side of Keynes’s General Theory, is the concept of the multiplier and its role in shifting the economy between different levels of real output and employment.

Keywords: Real Wage; Money Supply; Commodity Price; Full Employment; Bank Credit (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-09994-8_6

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DOI: 10.1007/978-1-349-09994-8_6

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