Construct · 1 fields · 1 citations

multiplier-accelerator model: a standalone construct

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Macroeconomics

a model in which consumption responds to income and investment responds to changes in output, so their interaction can generate cycles.

In macroeconomics, multiplier-accelerator model refers to a model in which consumption responds to income and investment responds to changes in output, so their interaction can generate cycles. This meaning comes from Samuelson (1939) in The Review of Economics and Statistics.[1]

Unit
Recovery means
Measured by

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Nearby constructs

consumption3 fields · 5 citationsjingle · one word, three constructs interaction3 fields · 7 citationsjingle · one word, three constructs investment2 fields · 2 citationsjingle · one word, two constructs

References

Samuelson, P. A. (1939). Interactions between the Multiplier Analysis and the Principle of Acceleration. The Review of Economics and Statistics, 21(2), 75. https://doi.org/10.2307/1927758

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