This paper is a reply to Oosterhaven's reply of the paper A critical comment on Oosterhaven-Stelder net multipliers written by de Mesnard in this issue of The Annals of Regional Science. It is argued that, unlike Oosterhaven's statement, (1) any coefficient must be stable but Oosterhaven-Stelder...

Recently, Oosterhaven and Stelder (OS, 2002) have introduced the operational idea of a 'compensated net multiplier' (CNM) to take into account the double counting that occurs when output replaces final demand as an exogenous entry when the Leontief model is used to evaluate operationally the...

Most of the comment of de Mesnard applies to a causal interpretation of the net multiplier that is applied to economically impossible exogenous (changes in) total output. This reply shows that this interpretation is incorrect and that his further argumentation is based on a time inconsistent...