A Marriage between Investment Multiplier and Credit Multiplier A Marriage between Investment Multiplier and Credit Multiplier

It has been more than forty years since economic theory accepted the credit multiplier and the investment multiplier. But any study to clarify the relation between both of these multipliers has not appeared. Before I set about this investigation, I had imagined that the credit multiplier represented a different phase of the same phenomenon from that of the investment multiplier, and that the former, moreover, showed the possible limit of the latter. But I have become aware of that this imagination was maybe wrong. Though there would rise any point to modify minorly, I believe that this framework is not wrong.

It has been more than forty years since economic theory accepted the credit multiplier and the investment multiplier. But any study to clarify the relation between both of these multipliers has not appeared. Before I set about this investigation, I had imagined that the credit multiplier represented a different phase of the same phenomenon from that of the investment multiplier, and that the former, moreover, showed the possible limit of the latter. But I have become aware of that this imagination was maybe wrong. Though there would rise any point to modify minorly, I believe that this framework is not wrong.