The Employment Multiplier after Disequilibrium Dynamics
研究了在考虑资产存量、工资和价格中期变化时，非均衡理论中短期乘数分析的修正，发现工资和价格不变时需求乘数变大、供给乘数符号反转，而灵活调整时乘数可能变小。
This paper concerns modifications in the short-run multiplier analysis in disequilibrium theory by Barro & Grossman and Malinvaud, when changes in asset stocks, wages and prices in the medium run are taken into account by utilizing the steadystate multiplier of government expenditure. The analysis is carried out in the context of a simple macroeconomic model with one good, labor and one asset (money). If wages and prices remain constant in the medium run, the demand multiplier becomes larger than the very short-run analysis suggests, while the supply multiplier even changes its sign from negative to positive. With variable wages and prices, results are in general indeterminate, but sufficient flexibility can make both the demand and the supply multiplier smaller than the immediate very short-run multipliers.