CannonEssays

1. Broader Plgou Effect:

2. Real Government Debt:

3. Simple Pigou Effect:

Papers

Consumption Expenditures, Money Balances, and Government Debt

Broader Plgou Effect:

The relationship making consumption expenditures a positive function of the real money supply plus real government debt.

Real Government Debt:

The market value of government securities outstanding divided by the price level.

Simple Pigou Effect:

The relationship presenting consumption expenditures as a positive function of real money balances.