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The Supermultiplier - Óscar Dejuán

The Supermultiplier

A Cornerstone of the New Macroeconomics

(Autor)

Buch | Hardcover
226 Seiten
2023
Edward Elgar Publishing Ltd (Verlag)
978-1-80088-954-5 (ISBN)
CHF 157,10 inkl. MwSt
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This timely book presents a nuanced investigation into the idiosyncrasies of the supermultiplier model, examining its application to residential investment, exports and fiscal policy. It offers an accessible introduction to this growth model, hypothesizing that it is one of the cornerstones of modern macroeconomics.
This timely book presents a nuanced investigation into the idiosyncrasies of the supermultiplier model, examining its application to residential investment, exports and fiscal policy. It offers an accessible introduction to this growth model, hypothesising that it is one of the cornerstones of modern macroeconomics.

By highlighting what this unique model adds to other heterodox systems that share common elements, such as structural growth models, this insightful book strengthens the current theoretical understanding of the new macroeconomics. Utilising important case studies such as open and decarbonised economies to encapsulate key messages gained from the study of this model, it fully acknowledges that the supermultiplier is still a work in progress and may be developed further.



The Supermultiplier will be hugely influential for finance and economics graduate students focusing on an alternative macroeconomics approach. It will also appeal to academics within the same fields searching for a model that permits direct application within spreadsheets.

Óscar Dejuán, Professor of Economics, Department of Economics and Finance, University of Castilla-La Mancha, Spain

Contents: 1. Introduction to The Supermultiplier: a cornerstone of the new macroeconomics 2. Demand-constrained systems and the supermultiplier in the history of economic thought 3. The supply side of the SM model: the warranted rate of growth 4. The demand side: the nucleus of the SM model 5. The financial side: endogenous money and the supermultipliercum-finance 6. The public sector: the SM of fiscal and monetary policies 7. The open economy: exports-led growth and balance of payment constraint in the SM model 8. Distribution, inflation, and growth in the SM model 9. Technical change and the structure of production in the SM growth model 10. A disaggregated SM in an input–output setting: application to the decarbonisation process 11. Key ideas and messages from the SM model References Index

Erscheinungsdatum
Verlagsort Cheltenham
Sprache englisch
Maße 156 x 234 mm
Themenwelt Wirtschaft Allgemeines / Lexika
Wirtschaft Volkswirtschaftslehre Makroökonomie
ISBN-10 1-80088-954-2 / 1800889542
ISBN-13 978-1-80088-954-5 / 9781800889545
Zustand Neuware
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