Why Are Keynesian Multipliers Larger in Hard Times? A Palley-Aftalion-Pasinetti Explanation

Charles, Sébastien; Dallery, Thomas; Marie, Jonathan

doi:10.1177/0486613417722527

Cited by 8 publications

(3 citation statements)

References 30 publications

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“…The 2015 categorisation provided weak implementation frameworks for users of social programmes. It was marred by over-dependency on the government, and slow graduation of communities from poverty (Charles, Dallery, & Marie, 2014).…”

Section: Ubudehe Categorizationmentioning

confidence: 99%

The Challenges and Examination of New Programme Ubudehe 2020 in Rwanda

Alexis¹

2023

AJIBM

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Ubudehe is a Rwandan practice and a cultural value of mutual assistance among people living in the same area in order to overcome or solve their socio-economic problems. In the past, Ubudehe was pre-occupied in agricultural activities to ensure timely agricultural operations for food security purposes. As a form of social capital, Ubudehe involved trust and reciprocity. The practice of Ubudehe in the traditional context was a mechanism of bringing together the community, sharing the burden of problem solving, maintaining social norms, social cohesion and ensuring social control among communities living together. The main pillars of social protection consist of eradication of extreme poverty and ensuring prosperity and wellbeing for everyone, but all these cannot be achieved without a fundamental baseline that is based on poverty levels amongst Rwandan population. The Ubudehe categorization was first established by the Government of Rwanda in 2000 as part of the strategies to address poverty reduction and recently these categories were revised from four numerical naming to five letters (A, B, C, D, E). The discussion with a representative of the Local Administrative Development Entities (LODA) was focusing on putting clear distinctions between the new Ubudehe categories and the previous ones as well as tacking the issue of new aspects and what the general public should expect from the new categorization. At the end of year 2020, all people in Rwandan are giving the main information with categorization in new ubudehe programme 2020. The local government leadership with Loda helps the people to get all information in collaboration LODA and MINALOC. The challenges demonstrate how a process of community consultation and participation is able to identify and rank community members according to "social poverty", drawing on the Ubudehe tradition which is considered a strength of Rwanda's social fabric. This article highlights 5 challenges related to new categories differentiations and comparison between the old ubudehe with new ubudehe program: 1) The system How to cite this paper: Alexis, H. ( 2023). The Challenges and Examination of New Programme Ubudehe 2020 in Rwanda.

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Section: Ubudehe Categorizationmentioning

confidence: 99%

The Challenges and Examination of New Programme Ubudehe 2020 in Rwanda

Alexis¹

2023

AJIBM

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“…Of course, Keynesian multiplier estimates have to be used and for each year. Charles et al (2018) produce such estimates which we use again here. By this method we can show the level of public deficit the government should have run if it was trying to target a zero output gap.…”

Section: European Commissionmentioning

confidence: 99%

Has French budgetary policy since the 1970s been truly Keynesian?*

Charles

Dallery

Marie

2019

Review of Keynesian Economics

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The article shows that budgetary policy in France since the 1970s cannot be characterized as Keynesian. To prove this, two rules of behaviour compatible with Keynesian teaching are proposed and then compared with changes in budgetary balances and with a battery of stylized facts. The article calls for a fiscal stimulus allowing production capacities to be fully used for the first rule, or the return to full employment for the second. The article also points to potential ways of showing that the objective of full employment is not incompatible with the ecological transition and can be more easily reachable with a reduction in work hours.

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“…5 and 6, respectively). In a series of contributions,Charles (2016) andCharles et al (2015Charles et al ( , 2018 argue both theoretically, within post-Keynesian aggregate models, and empirically that the fiscal spending multiplier value is probably greater than unity and, during important recessions, decreases in the savings ratio out of profits and/or the propensity to import are large enough to increase this value.…”

mentioning

confidence: 99%

Matrix multipliers, demand composition and income distribution: Post‐Keynesian–Sraffian theory and evidence from the world's ten largest economies

Mariolis,

Ntemiroglou

2023

Metroeconomica

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This paper builds and explores in detail a post‐Keynesian–Sraffian one‐country model of effective demand, which, on the one hand, extends the Kurz multiplier model to open–with state‐economies of single production and, on the other hand, is applicable to data from the National Input–Output Tables of the World Input–Output Database. Thus, it estimates the net output, import and employment matrix demand multipliers for the world's 10 largest economies. The overall findings provide general support for and new insights into Sraffian theoretical and policy arguments: (i) the multiplier effects depend heavily on the physical composition of autonomous demand; (ii) the incremental share of wages in net national income can move in either direction with an increase in the savings ratios out of wages and profits and/or the corresponding direct tax rates; (iii) there is, in general, no one‐to‐one correspondence between alternative tax–transfer policies and their multiplier effects; and (iv) there is not necessarily an inverse relationship between the overall level of the profit rate and the multiplier effects or the wage share.

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Why Are Keynesian Multipliers Larger in Hard Times? A Palley-Aftalion-Pasinetti Explanation

Cited by 8 publications

References 30 publications

The Challenges and Examination of New Programme Ubudehe 2020 in Rwanda

The Challenges and Examination of New Programme Ubudehe 2020 in Rwanda

Has French budgetary policy since the 1970s been truly Keynesian?*

Matrix multipliers, demand composition and income distribution: Post‐Keynesian–Sraffian theory and evidence from the world's ten largest economies

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