Multiplier-accelerator model

The multiplier–accelerator model (also known as Hansen–Samuelson model) is a macroeconomic model which analyzes the business cycle.^[1] This model was developed by Paul Samuelson, who credited Alvin Hansen for the inspiration.^[1]^[2]^[3] This model is based on the Keynesian multiplier, which is a consequence of assuming that consumption intentions depend on the level of economic activity, and the accelerator theory of investment, which assumes that investment intentions depend on the pace of growth in economic activity.

^ ^a ^b Edward E. Leamer (2008). Macroeconomic Patterns and Stories. Springer Science & Business Media. p. 158. ISBN 9783540463894.
^ Samuelson, P.A. (1939). "Interactions Between the Multiplier Analysis and the Principle of Acceleration". Review of Economic Statistics. 21 (2): 75–78. doi:10.2307/1927758. JSTOR 1927758.
^ Cite error: The named reference Mullineux 1984 was invoked but never defined (see the help page).

[Edward_2008-1] Edward E. Leamer (2008). Macroeconomic Patterns and Stories. Springer Science & Business Media. p. 158. ISBN 9783540463894.

[2] Samuelson, P.A. (1939). "Interactions Between the Multiplier Analysis and the Principle of Acceleration". Review of Economic Statistics. 21 (2): 75–78. doi:10.2307/1927758. JSTOR 1927758.

[Mullineux_1984-3] Cite error: The named reference Mullineux 1984 was invoked but never defined (see the help page).

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