Multiplier-accelerator model: Difference between revisions

Revision as of 23:11, 19 October 2015

Revision as of 23:12, 19 October 2015

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The '''multiplier–accelerator model''' (also known as '''Hansen–Samuelson model''') is a [[macroeconomic model]] which analyzes the [[business cycle]].<ref name="Edward 2008">{{Cite book|author=Edward E. Leamer |year=2008 |title=Macroeconomic Patterns and Stories |publisher=Springer Science & Business Media |page=158 |url=https://books.google.com/books?id=XObELQuIWv8C&pg=PA158 }}</ref> This model was developed by [[Paul Samuelson]], who credited [[Alvin Hansen]] for the inspiration.<ref name="Edward 2008" /><ref>{{Cite journal|author=Samuelson, P.A.|date=1939|title=Interactions Between the Multiplier Analysis and the Principle of Acceleration |journal=[[Review of Economic Statistics]] |volume=21 |issue=2 |pages=75–78 |ref=harv |doi=10.2307/1927758 }}</ref><ref name="Mullineux 1984" /> This model is based on the Keynesian [[multiplier (economics)|multiplier]] and the [[Accelerator effect|accelerator theory of investment]].

== Model ==