Multiplier-Accelerator Model
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A Multiplier-Accelerator Model is a macroeconomic model that is used for the analysis of business cycles based on Keynesian Multiplier principles.
- AKA: Hansen–Samuelson Model.
- See: IS-LM Model, Economic Multiplier, Economic Acceleration Principle, Exogenous Variable, Endogenous Variable.
References
2016
- (Wikipedia, 2016) ⇒ http://en.wikipedia.org/wiki/Multiplier-accelerator_model
- The multiplier–accelerator model (also known as Hansen–Samuelson model) is a macroeconomic model which analyzes the business cycle.[1] This model was developed by Paul Samuelson, who credited Alvin Hansen for the inspiration. This model is based on the Keynesian multiplier, which is a consequence of assuming that consumption intentions depend on the level of economic activity, and the accelerator theory of investment, which assumes that investment intentions depend on the pace of growth in economic activity.
- ↑ Edward E. Leamer (2008). Macroeconomic Patterns and Stories. Springer Science & Business Media. p. 158. https://books.google.com/books?id=XObELQuIWv8C&pg=PA158.