O Redutor Keynesiano
DOI:
https://doi.org/10.30800/mises.2023.v11.1462Palavras-chave:
Multiplicador keynesiano, Velocidade de rendimento do dinheiro, Equação quantitativa, Recursos ociososResumo
O multiplicador de gastos keynesiano é comumente visto como um mecanismo que amplifica a política fiscal ou monetária expansionista. Uma vez que as suposições nas quais o multiplicador se baseia são aplicadas à equação quantitativa clássica, no entanto, torna-se óbvio que o multiplicador keynesiano é muito mais pessimista a esse respeito do que a equação quantitativa. À luz dessa comparação, faz muito mais sentido falar do “diminuidor” keynesiano do que do “multiplicador”. A razão para o viés pessimista do multiplicador pode ser mais bem detectada se for feita a distinção entre uma medida de política expansionista pontual e uma permanente. É apenas por causa desse viés pessimista que o “multiplicador” keynesiano pode ser usado para justificar programas de gastos permanentes do governo.
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