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Period Analysis and Multiplier Theory

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  • Fritz Machlup

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.

Suggested Citation

  • Fritz Machlup, 1939. "Period Analysis and Multiplier Theory," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 54(1_Part_1), pages 1-27.
  • Handle: RePEc:oup:qjecon:v:54:y:1939:i:1_part_1:p:1-27.
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    File URL: http://hdl.handle.net/10.1093/qje/54.1_Part_1.1
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    Cited by:

    1. Luca Fiorito & Matías Vernengo, 2009. "The Other J.M.: John Maurice Clark and the Keynesian Revolution," Journal of Economic Issues, Taylor & Francis Journals, vol. 43(4), pages 899-916.
    2. Catherine P. Winnett & Adrian B. Winnett, 2011. "Innovation, Growth, Cycles and Finance: Three (or Four or More) Stories from the 1930s and their Lessons," Chapters, in: Óscar Dejuán & Eladio Febrero & Maria Cristina Marcuzzo (ed.), The First Great Recession of the 21st Century, chapter 7, Edward Elgar Publishing.
    3. Shinji MIURA, 2016. "Unified Money Circulation Equation and an Analogical Explanation for Its Solvability," Journal of Economics Bibliography, KSP Journals, vol. 3(1), pages 28-37, March.
    4. Kiminori Matsuyama, 1991. "Imperfect Competition," Discussion Papers 947, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    5. Hanson, Kenneth, 2010. "The Food Assistance National Input-Output Multiplier (FANIOM) Model and Stimulus Effects of SNAP," Economic Research Report 262247, United States Department of Agriculture, Economic Research Service.

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