The Review of Economics and Statistics

Paul A. Samuelson

This short 1939 note by Paul Samuelson formalizes Alvin Hansen's combination of Keynes's income-expenditure multiplier with the accelerator principle of induced private investment.

Adrien Auclert · Bence Bardóczy · Matthew Rognlie

This paper shows that New Keynesian models with frictionless labor supply cannot simultaneously match three well-established empirical facts -- high marginal propensities to consume, low marginal …

Robert M. Solow

Robert Solow's 1957 paper proposes a simple method for separating shifts in the aggregate production function ("technical change," broadly defined) from movements along it caused by capital …

James Tobin

This paper works out, with a simple mathematical model, whether the ordinary transactions demand for cash -- the money people hold just to bridge the gap between when they receive income and when they …