What is Left of the Multiplier Accelerator? ⑧ Olivier J. Blanchard The American Economic Review, Vol. 71, No. 2, Papers and Proceedings of the Ninety-Third Annual Meeting of the American Economic Association. (May, 1981), pp. 150-154. Stable URL http://links. jstor. org/sici?sici=0002-8282%28198105%2971%3a2%3C150%3AWILOTM%3E2.0.C0%3B2-A The American Economic Review is currently published by American Economic Association. Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at http://www.jstor.org/about/terms. html. jstor's Terms and Conditions of Use provides, in part, that unless you ave obtained prior permission, you may not download an entire issue of joumal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at http: //www.jstor.org/journals/aea. html. Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission. JSTOR is an independent not-for-profit organization dedicated to creating and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact support @jstor.org. http://www.jstor.org/ Wed Dec608:01:492006