I am indebted to Masao Ogaki (the editor) for his very stimulative suggestion and to the anonymous referees for their helpful comments. Comments and suggestions by Hiroyuki Kojima, Noriaki Matsushima, Katsuya Takii, and Akihisa Shibata were particularly valuable. I also thank Craig Freedman, Shinsuke Ikeda, Junichi Itaya, Ryuichiro Murota, Kazuo Ogawa, and Yoshiaki Sugimoto for discussions, and David Flath and Noel Gaston for assistance with the editing and the exposition of the paper. This research is financially supported by the Grants-in-Aid for Scientific Research, the Japan Society for the Promotion of Science (JSPS), and the Global Center of Excellence (GCOE) Program, and the Ministry of Education, Culture, Sports, Science, and Technology. The opinion expressed is my own and does not necessarily reflect that of the government of Japan.
The Keynesian Multiplier Effect Reconsidered
Article first published online: 18 MAY 2011
© 2011 The Ohio State University
Journal of Money, Credit and Banking
Volume 43, Issue 4, pages 787–794, June 2011
How to Cite
ONO, Y. (2011), The Keynesian Multiplier Effect Reconsidered. Journal of Money, Credit and Banking, 43: 787–794. doi: 10.1111/j.1538-4616.2011.00397.x
- Issue published online: 18 MAY 2011
- Article first published online: 18 MAY 2011
- Received November 16, 2006; and accepted in revised form December 2, 2010.
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