Search Results - subject:"Pigou effect"

Managing the Loss: How Pigou Arrived at the Pigou Effect

Takami, Norikazu - 2011

The Pigou effect was conceived to counter Keynes's argument that a competitive economy could remain in the state of … with the Pigou effect. This study points to two oddities in the way he presented the effect. One is that Pigou had used an … almost identical framework he used for the Pigou effect several years before but that at that time, he did not mention the …

Persistent link: https://www.econbiz.de/10011592189

Should Marginal Cost of Public Funds include the Revenue Effect?

Chang, Ming Chung; Wu, Shufen - In: Swiss Journal of Economics and Statistics 147 (2011) 1, pp. 1-16

It is an important difference in different measures of the marginal cost of public funds whether to take into account the "revenue effect" emphasized by Atkinson and Stern (1974). This note tries to reconcile two competing measures from a general viewpoint. We demonstrate that the revenue effect...

Persistent link: https://www.econbiz.de/10011933256

Should Marginal Cost of Public Funds include the Revenue Effect?

Chang, Ming Chung; Wu, Shufen - In: Swiss Journal of Economics and Statistics (SJES) 147 (2011) I, pp. 1-16

Persistent link: https://www.econbiz.de/10008862078

Managing the Loss: How Pigou Arrived at the Pigou Effect

Takami, Norikazu - Center for the History of Political Economy - 2011

The Pigou effect was conceived to counter Keynes’s argument that a competitive economy could remain in the state of … with the Pigou effect. This study points to two oddities in the way he presented the effect. One is that Pigou had used an … almost identical framework he used for the Pigou effect several years before but that at that time, he did not mention the …

Persistent link: https://www.econbiz.de/10010720644

Managing the loss : how Pigou arrived at the Pigou effect

Takami, Norikazu - 2011

Persistent link: https://www.econbiz.de/10011642553

Revisiting the unemployment controversy: Pigou's viewpoint

Takami, Norikazu - Graduate School of Economics, Osaka University - 2009

Industrial Fluctuations (1927). The \Pigou effect" devised later in 1943 could be considered as theorization of forced anti …

Persistent link: https://www.econbiz.de/10005105850

The Keynesian multiplier and the Pigou effect under substitution between private and public consumption

Corchon, Luis - Volkswirtschaftliche Fakultät, … - 2009

offer formulae for the Keynesian multiplier which depend on this degree of substitution. We also show that there is a Pigou … effect and that, sometimes, this effect is larger than the Keynesian multiplier. …

Persistent link: https://www.econbiz.de/10008533562

Non-stabilizing Flexibility:From the Contributions By Keynes and Kalecki Towards a Post-Keynesian Approach

Sau, Lino - Volkswirtschaftliche Fakultät, … - 2006

this result is the well known "Pigou effect". However both Keynes and Kalecki rejected the thesis that price flexibility …

Persistent link: https://www.econbiz.de/10005835518

Money, Wealth and Overlapping Generations

Aikman, David Llewelyn - Royal Economic Society - RES - 2003

In this paper, we use Weil's (1989) overlapping dynasties framework to analyse a microfounded version of the real balance effect envisaged by Pigou (1944). The effect is absent from representative agent models as then net monetary wealth is always zero. With population growth, however, net...

Persistent link: https://www.econbiz.de/10005022125