Quarterly Journal of Austrian Economics
Author:
William J. Boyes
Online Publish Date:
Volume 17, No. 3 (Fall 2014) ABSTRACT: The Keynesian multiplier is a concept embedded in macroeconomic thought, policy, textbooks, and widely taught in classrooms. Apparently the only controversy is its empirical size. Is the multiplier a large positive or near zero or perhaps even negative? Most empirical studies have found an impact multiplier