Conventional algebraic estimate of the fiscal multipliers ignores the concept of velocity of money and mistakenly assumes that money changes hands an infinite number of times during a given year while we know money only has a finite velocity. Apart from the velocity of money. fiscal multipliers tend to depend on average propensity to consume and average propensity to import of the eco... https://www.helpmesdicalsuppliers.shop/product-category/wheelchair-parts/
Some amendments to the algebraic representation and empirical estimation of the fiscal multipliers
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