Fiscal Policy under Long-run Stagnation : A New Interpretation of the Multiplier Effect

• 資料種別: 文書・図像類
• タイトル: Fiscal Policy under Long-run Stagnation : A New Interpretation of the Multiplier Effect
• 著者・編者: Murota, Ryu-ichiro; Ono, Yoshiyasu
• 著者標目: Murota, Ryu-ichiro; Ono, Yoshiyasu; https://nrid.nii.ac.jp/nrid/1000070130763
• 出版事項: The Institute of Social and Economic Research, Osaka University
• 出版年月日等: 2015-05
• 出版年（W3CDTF）: 2015-05
• タイトル（掲載誌）: Institute of Social and Economic Research Discussion Papers
• 巻号年月日等（掲載誌）: 937
• 掲載巻: 937
• 掲載ページ: 1-30
• 本文の言語コード: eng
• 件名標目: Aggregate Demand; Consumption Function; Keynesian Cross; Multiplier Effect; Persistent Unemployment
• 対象利用者: 一般
• 一般注記: We develop a Keynesian cross analysis with a dynamic optimization setting that explains long-run stagnation caused by aggregate demand deficiency. We show that an increase in government purchases boosts GDP through a multiplier process, but the implication is quite different from the conventional Keynesian one. It works not through an increase in disposable income but through moderation of deflation. Thus, countries that have lapsed into long-run stagnation should expand government spending that directly creates employment in order to reduce the deflationary gap.
• 参照（URI）: http://www.iser.osaka-u.ac.jp/library/dp/2015/DP0937.pdf; URI
• 連携機関・データベース: 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）; https://irdb.nii.ac.jp
• 提供元機関・データベース: 大阪大学 : 大阪大学学術情報庫 桜華