Basically the authors looked at whether the economic theory of money multiplier (a central concept in fractional reserve banking) is supported by empirical data, and found that it is not. Part of ...

The local multiplier effect refers to the idea that when consumers spend money at a local business, that money circulates within the local economy creating a chain reaction of economic activity ...

I took A-Level Economics 40 years ago. A topic that has stayed with me since then is the “multiplier effect”.What is the multiplier effect in ...