Exact(6)
There are many other realistic hypotheticals that could involve large multipliers.
The efficiency of the 4 2 compressor, as a fundamental arithmetic block, directly affects the performance of large multipliers.
Robert Lucas, the 1995 Nobel laureate in economics who specializes in macroeconomics and government policy, recently remarked that the promise of large multipliers presented by private macroeconomic consulting firms in support of ARRA was "schlock economics".
The reason for Phosphate Rock and Natural Rubber having large multipliers is that they are the two smallest waste generating sectors of the Australian economy for 2008, and so produce a very small amount of waste.
The belief in stable, predictable, and large multipliers is belied by both theory and evidence.
Some preliminary estimates that the IMF is working on suggest that it does not take large multipliers for the joint effects of fiscal consolidation and the implied lower growth to lead in the end to an increase, not a decrease, in risk spreads on government bonds.
Similar(52)
In Keynesian jargon, there is still a large multiplier on fiscal policy.
Giving Indian women a minimal basic income would cost just over 1% of GDP, but have "large multiplier effects" on the entire society, Subramanian said.
People who are more "central" in the social network create large "multiplier" effects, inducing many others to mimic their decisions, in this case by spreading the word about microfinance.
The rationale for expansionary fiscal policy is particularly compelling for federal investment spending in areas like education and infrastructure that have large multiplier effects on the current level of output and employment and strong returns over time.
CDIF tax credits have a large multiplier effect; for every dollar of tax credit several dollars of lending takes place.
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