Quarterly Journal of Economics Vol. 54 No. 1 Part 1 1939
Period Analysis and Multiplier Theory
Abstract
Significant periods: transaction periods, 2; income periods, 3; plan adjustment periods, 5; equilibrium adjustment periods, 6. — The relevant income period, 7.— The length of the adjustment period, 11. — Marginal propensity to consume treated as a psychological factor, 13. — The lag of cumulative income, 16. — Schematic illustration, 17.— Analysis of the leakages, 17. — The leakage through imports, 21. — Dropping some assumptions: effective demand, 23; the state of confidence, 24; cost of production, 24; interest rates, 25. — Unpredictability of idle balances, 26.— Conclusion, 27.
- DOI
- 10.1093/qje/54.1_part_1.1
- Volume
- 54
- Issue
- 1 Part 1
- Pages
- 1-27
- Language
- en
- Sources
- openalex crossref