Publication:
The Keynesian multiplier and the Pigou effect under substitution between private and public consumption

Thumbnail Image
Identifiers
URI: https://hdl.handle.net/10016/9057
ISSN: 15452921
Files
keynesian_corchon_EB_2010.pdf (210.2 KB)
Publication date
2010-03
Defense date
Authors
Advisors
Tutors
Journal Title
Journal ISSN
Volume Title
Publisher
Economics Bulletin
Impact
Google Scholar
Export
Research Projects
Organizational Units
Journal Issue
Abstract
In this paper we present a fixprice model in which private and public consumption show some degree of substitution. We offer formulae for the Keynesian multiplier which depend on this degree of substitution. We also show that there is a Pigou effect and that, sometimes, this effect is larger than the Keynesian multiplier.
Description
Keywords
Keynes, Multiplier, Unemployment, Pigou
Bibliographic citation
Economics Bulletin, 2010, 30, 1. p. 829-836
Collections
DE - Artículos de Revistas