IDEAS home Printed from https://ideas.repec.org/h/spr/spshcp/978-3-030-90310-7_7.html
   My bibliography  Save this book chapter

Business Cycles, Pump-Priming and the Role of Public Expenditures

In: Modeling Economic Instability

Author

Listed:
  • Michaël Assous

    (Université Lumière Lyon 2)

  • Vincent Carret

    (Université Lumière Lyon 2)

Abstract

Debates surrounding the multiplier and the possibility of pump-primingPump-priming the economy foundPump-priming a new urgency with the 1937–1938 crisis of the American economy. It was in this context that Samuelson’s multiplier–accelerator model was built; just like the first macro-dynamic models developed by Kalecki, Tinbergen and Frisch, it embedded a specific visionVision whose originality was to give a specific role to public expenditures. This visionVision was deeply rooted in the economic events of the late 1930s and contributed to take attention away from the trajectory toward the final equilibrium position which could be obtained, an important shift initiated at the same time in Europe by Tinbergen.

Suggested Citation

  • Michaël Assous & Vincent Carret, 2022. "Business Cycles, Pump-Priming and the Role of Public Expenditures," Springer Studies in the History of Economic Thought, in: Modeling Economic Instability, chapter 0, pages 147-179, Springer.
    • Handle: RePEc:spr:spshcp:978-3-030-90310-7_7
    DOI: 10.1007/978-3-030-90310-7_7
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:spshcp:978-3-030-90310-7_7. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.