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IV-D
Technical discussions of multiplier principle
public works
IV-A
MULTIPLIER. PRINCIPLE AHD THE COHSUMPTIOM FUNCTION
Technical expositions of multiplier principle;
Discussions of consumption and the
consumption-income pattern applicable
to multiplier principle
ACKLEY, Gardner
The m u l t i p l i e r time period: money, i n v e n t o r i e s ,
and f l e x i b i l i t y , AMERICAN ECONOMIC REVIEW, Vol. 4 1 ,
June, 1951, pp. 350-
theory of the m u l t i p l i e r
ACKLEI, Gardner
The multiplier time period: money, i n v e n t o r i e s ,
and f l e x i b i l i t y , AER, XLI, June 1951, pp. 350-368.
ACKLEI, Bardner
The Multiplier Time Period: Money,
Inventories and F l e x i b i l i t y , AMERICAN ECONOMIC
REVIEW, XLI,
1951.
ACKLEY, Gardner
"The Multiplier Time Period: Money, Inventories
and Flexibility," AMERICAN ECONOMIC REVIEW, XLI,
1951.
ANDERSON, Montgomery D.
Employment, investment, and the multiplier,
ECONOMETRICA, Vol. 8, April, 1939, pp. 240-52.
ANGELL, James ¥•
INVESTMENT AND BUSINESS CYCLES. New York
and London:
1941.
especially chaps. IX, X and XI
multiplier and velocity analysis
ANGELL, J. ¥.
INVESTMENT AND BUSINESS CYCLES. New York and
London:
1941.
Chaps. IX, X and XI: connections between
multiplier and velocity analysis
BALOGK, T.
The limitations of the short-term consumption
function, BULLETIN, Oxford University Institute of
Statistics, Vol.
May-June, 1954.
6 pp.
Barber, Clarence L.
"The instantaneous theory of the multiplier,11
Can. J. of Econs. & Pol. Sci., XVI, Feb. 1950, pp.
78-82
comments on Pollak-Haberler ("The foreign trade multiplier
Goodwin in The New Economics
BASSIE, V. Lewis
Consumption-Saving Function Again, REVIEW OF
ECONOMICS & STATISTICS, Vol. 30, Nov. 1948, pp. 298303.
Bassie, V. Lewis: Voytinsky on consumption and
savings, pp. 298-300.
Friend, Irwin: Consumption-saving function: comments,
301-3
BASSIE, V. Lewis
Consumers' expenditures in war and t r a n s i t i o n ,
REVIEW OF ECONOMIC STATISTICS, Vol. 28, No. 3 , August,
1946, pp. 117-130.
BODE, Karl
A note on the mathematical coincidence of
the instaneous and the serial multiplier, THE REVIEW
OF ECONOMIC STATISTICS, Vol. XXVI, Nov. 1944, pp. 221-
BENNION, Edward G.
The multiplier, the acceleration principle, and
fluctuating autonomous investment, REVIEW OF ECONOMIC
STATISTICS, Vol. XXVII, No. 2, May, 1945, pp. 85-92.
BODE, Karl
" note on the mathematical coincidence of the
instantaneous and the serial multiplier," R.E.S.,
Nov. 19U, PP- 221-22.
BRIMBERi, Richard E.
An approximation to the aggregate saving
function, THE EOOiflDMIO JOURNAL, Vol. DCVI, No.
261, Aarch, 1946, pp. 66-72.
Consumption function
CHIPMAN, John Somerset
THE THEORY OF INTER-SECTORAL MONEY FLOWS AND INCOME
FORMATION. "The Johns Hopkins University Studies in
Historical and Political Science, Vol. LXVIII, No. 2.
Baltimore• Johns Hopkins Press, 1951
Pp. 154.
Review:
by James Tobin, JOURNAL OF POLITICAL ECONOMY,
LXI, June, 1953, pp. 265-6.
theory of the multiplier
CHlPMAN, John Somerset
THE THEORY OF INTER-SECTORAL MONEY FLOWS AND
INCOME FORMATION. Baltimore: Johns Hopkins diversity
Press, 1951. 154 pp.
Review:
by ¥• J. Bauaol, AMERICAN ECONOMIC REVIEW,
vol, 42, September, 1952, pp. 6X4-15.
Theoretical
mechanics of income formation
multiplier analysis
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CHIPMAN, J. S.
The multi-sector multiplier, ECONOMETRICA,
October, 1950.
20 pp.
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COHEP, Morris
Postwar consumption ftmctions, BEVIEtf OF ECONOMICS
AND STATISTICS,
February, 1952.
16 pp.
DALY, M. C.
An approximation to a geographical multiplier, ECONOMIC JOURNAL,
June-September, 1940.
Pp. 11.
DAVIS, T. E.
The consumption function as a t o o l f o r p r e d i c t i o n , REVIEW OF ECONOMICS ANDSTATISTIGS, XXXIV,
Aug., 1952, pp. 2 7 0 - 7 .
DOWDELL, E. G.
The multiplier, OXFORD ECONOMIC PAPERS,
September, 1940.
Pp. 16.
EISNER Robert
The invariant multiplier, REVIEW OF ECONOMIC
STUDIES, XVIII(3), no. 44, 1949-50.
4 pp.
EZEKIEL, Mordecai
Statistical investigations of saving, consumption,
and investment, AMERICAN ECONOMIC REVIEW,
Vol. XXXII, March, 1942.
GILBOT, Elizabeth V.
Income-expenditure relations, REVIEW OF ECONOMIC
STATISTICS, XXII, no. 3, August, 1940, pp. 115-121.
propensity to consume
GOODVIN, Fichard M.
The Multiplier Matrix, ECONOMIC
JOURNAL,
1949.
GOODWIN, Richard M.
The M u l t i p l i e r Matrix, ECONOMIC
JOURNAL,
1949.
GOODWIN, Richard M.
Secular and c y c l i c a l a s p e c t s of t h e m u l t i p l i e r
and a c c e l e r a t o r , i n INCOME, EMPLOYMENT AND PUBLIC
POLICY, ESSAYS IN HONOR OF ALVIN H. HANSEN. New
York: W. W. Norton & Co., I n c . , 1948.
GOODWIN, Richard M.
"The Multiplier,« in THE NEW ECONOMICS, edited
t>y Seymour E. Harris. New York: Knopf, 1947, pp.
-468-499.
GOODWIN, Richard M.
The MulUplier, in THE NEW ECONOMICS, edited by
S. E. Harris. New lork: Alfred A. Knopf, 1947m
pp. 438-499.
GRJLPP, J. de V.
Mr. Harrod on hump saving, ECONOMICA, Vol.
XVII, new series, Feb. 1950, pp. 81-90.
HABERLER, G.
Mr. Keynes* Theory o f the M u l t i p l i e r ,
ZEITSCHRIFT FtlR NATIONALb'KONOMIE, Band VII, Heft 3 ,
1936, pp. 229-305.
HAGEN, E. E.
The consumption function: a review article,
THE REVEEW OF ECONOMICS & STATISTICS". XXXVII, No. 1,
February, 1955, pp. 4B-54.
HEGELAND, Hugo
THE MULTIPLIER THEORY. Lund, Sweden:
Gleerup, 1954. Pp. x, 261.
C. ¥. K.
Review: by Allan H. Meltzer, AMERICAN ECONOMIC REVIEW,
v. 45, June, 1955, pp. 400-4-01.
HEGELAND, Hugo
THE MILTIPLIER THEORY. Lund Social
Science Studies 9* Lund: C. W. K. Gleerup, 1954Pp. x, 261.
HUBBARD, J. C.
The Marginal and Average Propensities to
Consume, QUARTERLY JOURNAL OF ECONOMICS, LXVIII, Feb.,
1954, pp. 83-96. Coimnent by John Spraos, i b i d . , LXEX,
Nov*, 1955> PP* 644-45J further eojnment by J. S# Chipman,
i b i d . , pp. 645-46j and Reply by J. C0 Hubbard, p. 647.
JOHNSON, H. G.
The matrix multiplier and an ambiguity in
the Keynesian concept of saving, ECONOMIC JOUBNAL,
LXII, March 1952, pp. 197-200.
JOHNSON, Harry G.
The matrix multiplier and an ambiguity in
the Keynesian concept of saving, ECONOMIC JOURNAL, LXII,
March 1952, pp. 197-200.
A note.
JOHNSON, Harry
"The matrix multiplier and an ambiguity in
the Keynesian Concept of Saving," ECONOMIC JOURNAL,
XLII, March 1952, pp. 197-200.
KATONA, George
Effect of income changes on the rate of saving,
REVIEW OF ECONOMICS & STATISTICS, Vol. 31, Feb. 1949,
pp. 95-103.
KATONA, George and others
Five Views on the Consumption Function, THE
REVIEW OF ECONOMIC STATISTICS, Vol. 28, No. 3,
August, 1946, pp. 197Katona, Geo. and Likert, Rensis: Relationship between
consumer expenditures and savings: The contribution of
survey research, 197-99•
Bean, L. H.: Relation of disposable income and the
business cycle to expenditures, 199-207.
Friend^Irwin: ..Relationship between consumers1 expenditure
savings, and* d i s p o s a b l e income, 208-15Brady, D. S.: Expenditures, savings, and income, 216-18
Bennion,
£. G.: The consumption function: cyclically
variable? pp. 219-24.
KEYNES, J. M.
THE MEANS TO PROSPERITY.
1933.
Uses multiplier analysis to analyze effects of
government deficit spending on income and
employment
LANGE, Oscar
"The Theory of the M u l t i p l i e r , " ECONOMETRICA,
July-October,
1943.
Pp. 19.
LANGE, Oscar
The Theory of t h e M u l t i p l i e r , ECONOMETRICA,
1943.
LANSING, John B. and MAYNES, E. S.
Inflation and Saving by Consumers,
JOURNAL OF POLITICAL ECONOMY,
October, 1952, pp. 383-391.
LUTZ^ Vera
Multiplier and Velocity- Analysis: A
Marriage, ECONOMICA, XXII, No. 35,
February, 1955, pp. ?9-44»
LUTZ, Vera
Multiplier and Velocity Analysis: A Marriage,
ECONOMICA, Vol. XXII [New Series], No. 85, February,
1955, pp. 29-44.
MACHLUP, Fritz
Period analysis and multiplier
theory, QUARTERLY JOURNAL OF ECONOMICS,
November, 1939.
Pp. 27.
MACHLUP, Fritz
"Period Analysis and Multiplier Theory,"
Eeprinted in READINGS IN BUSINESS CYCLE THEORY.
Philadelphia: Blakiston, 1944.
MACHLUP, F r i t z
Period Analysis and M u l t i p l i e r Theory,
QUARTERLY JOURNAL OF ECONOMICS,
1939.
Reprinted in READINGS IN BUSINESS CYCLE THEORY.
Philadelphia: Blakiston, 1944.
The Multiplier, Acceleration Principle
and Government Spending
MACK, Ruth P.
The direction of change in income and the consumption function, THE REVIEW OF ECONOMICS &
STATISTICS, Vol. 30, November, 1948, pp. 239-258.
MATTHEWS, R. C. 0.
The saving function and the problem of trend and
cycle, REVIEW OF ECONOMIC STUDIES, XXII(2), No. 58,
1954-55, pp. 75-95.
MISHAN, E. J.
Tovard a general theory of price, income, and
money, JOUKNAL OF POLITICAL ECONOMY, LX, December,
1952, pp. -437-502.
multiplier analysis
MQDIGLIANI, Franco and BRIMBERS, R. E.
Utility analysis and the consumption function J
An interpretation of cross-section data, in POSTKEYHESIAN BCONOMIOS, ed. by K. K. Kurihara. New
Brunswick, N.J.i Rutgers University Press, 1954.
MODIGLIANI, Franco
^Fluctuations in the Saving-Income
Ratio: A Problem ia Economic Forecasting," in
STUDIES IN INCOME AND WEALTH. New lork: National
Bureau of Economic Research, Inc., 1949.
MDDIGLIANI, Franco
"Utility Analysis and Unpirical Consianption Functions:
An Attempt at Reconciliation," AMERICAN ECOMOMIC
REVIEW, SUPPLEMENT, vol* U , May 1954*
PODUVAL, R.N.
"Multiplier, 'pump-priming' and 'Acceleration,'!}
INDIAN JOURNAL OF ECONOMICS,
January, 1943*
Pp. 6.
RITTER, L. S.
Some monetary aspects of multiplier theory and
fiscal policy, REVIEW OF ECONOMIC STUDIES, XXIII(2),
No. 61, 1955/56, pp. 126-131.
RITTKK, L» S.
Soae monetary aspects of Multiplier theory and
fiscal policy, THE REVIEW OF ECONOMIC STUDIES, Vol*
XXIIl(ii), No. 61, February, 1956.
ROOSA, R. V.
"Use of the Cccauaption Function in Short-Run
Forecasting," REVIEW OF ECOMQMICS & STATISTICS, XXX,
May 1948, pp. 91-105.
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ROSA, R. V.
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A multiplier analysis of armament expend!ture,*
AER, v, xxxi, 1941, pp.
SALANT, Valter S.
A Note on the Effects of a Changing Deficit,
QUARTERLY JOURNAL OF ECONOMICS, Vol. 53, February,
1939, pp. 298-304.
Multiplier theory
SAMUELSON, Paul A.
A Fundamental Multiplier Identity, ECONOMETPICA,
July-October, 1943*
Pp. 6.
SAMUEL30N, P. A.
Fiscal Policy and Income Determination,
QUARTERLY JOURNAL OF ECONOMICS,
1941/42,
p. 602: reconilation of multiplier
analysis with velocity
analysis
SELAN, Valerio
The theory of the multiplier.
July 1951.
Bancaria.
A history of the theory, followed by a particular
review of the propensity to consume, the nature and
size of leakages and an analysis of multipliers in an
open econooy.
SHACKLE, G. L. S.
Twenty years on: A survey of the theory of the
multiplier," ECON. JOURNAL, June 1951.
SHACKLE, G. L. S.
••Twenty Years On: A Survey of the
Theory of the Multiplier," ECONOMIC JOURNAL,
1951.
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SHACKLE, G.L.S.
Twenty Years On: A Survey of the Theory of the
Multiplier, ECONOMIC JOURNAL,
1951.
SHACKLE, G. L. S.
•Twenty Years On: A Survey of the Theory
of the Multiplier," ECONOMIC JOURNAL,
1951.
SHAV, Edvard S.
A note on the multiplier, REVIEW OF
ECONOMIC STUDIES,
October, 1938.
Pp. 5.
SMITHIES, Arthur
The Multiplier, AMERICAN ECONOMIC REVIEW,
SUPPLEMENT, Vol. 33, May, 1943, pp. 299-305.
Discussion: by George Garvy, Samuel M» Cohn, pp.
306-10.
Keynesian Economics: The Propensity
to Consuae and the Multiplier
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SOLOW, Robert
A Note on Dynamic Multipliers,
ECONOMETRICA, v. 19, July 1951, pp.
306-16
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SOMILRS, H.
M.
The Instantaneous Tneory oi the Multiplier:
A Comment," CAN. J. (J*1 ECONS. & BOL. SCI., XVI,
May 1950.
comment on C. L. Barber's "The Instantaneous
Theory oi' the Multiplier," ibid., XVI, Feb.
X950, pp. 78-82.
STONE, Richard and STONE, W. M.
The marginal propensity to consume and the
multiplier, REVIEW OF ECONOMIC STUDIES, VI.
October, 1938, pp. 1-24.
contains fairly comprehensive
bibliography
VILLARD, H. H.
"Monetary theory," ±a. A SURVEY OF CONTEMPORARY
ECONOMICS. Philadelphia, Blakiston, 194*.
concept of multiplier and i t s usefulness for policy
formation, pp. 328-329.
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TORVEY, Ralph
Some notes on multiplier theory, AER,
v. 43, June 1953.
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TURVEY, Ralph
The M u l t i p l i e r , ECONOMICA,
194S.
WOITINSKY, V. S.
"Consumption-saving fonction: its algebra and
philosophy," REVIEW OF ECONOMIC STATISTICS, XXX,
February, 1948.
VOYTINSKY, V. S. and KOFFSKY, Nathan
Two more contributions on the consumption
function, THE REVIEW OF ECONOMICS & STATISTICS, Vol, 30,
No. 1, Feb. 1948, pp. 45- 56.
l*oytinsky, W.S.: Con sumption-saving function: its
algebra and philosophy, pp. 45-55;
Koffsky, Nathan: An additional view on the consumption
function, ibid., pp. 55-6.
WRIGHT, A- LI.
The interaction of the multiplier and price
mechanisms, ECOHOMICA, Vol.
no. 88, November,
1955, pp. 318-29.
In development of multiplier theory, notable neglect
of price effects* Kahn and Keynes on price effects.
The aim of this article is to abandon the idea of a simpl
dichtoaoy beyween perfectly elastic and perfectly inelastic supply in a multiplier analysis, and to present
a general model for any (and varying values Of the
elasticity of supply. The problem is approached from
macro-economic point of view. Prices are plotted
against expenditures. Examination of the mechanism of a
multiplier expansion interacting vith price changes*
WRIGHT, A. LI.
The Interaction of the Multiplier and Price
Mechanisms, ECONOMICA, XXII, November, 1955, pp. 318328.
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