The Economist explains | The Economist explains economics
What is the Keynesian multiplier?
Fiscal stimulus, an idea championed by John Maynard Keynes, has gone in and out of fashion
More from The Economist explains
What is a carry trade?
Borrowing cheaply to buy high-yielding assets is popular, but risky
The significance of liquid water on Mars
There could be an ocean’s worth deep underground
Why Russian troops are attacking on motorbikes
New conditions give rise to new tactics
What is “two-tier” policing?
The conspiratorial belief has spread online, fuelling disorder in Britain
Would legal doping change the Olympics?
The impact would be smaller—and worse—than proponents of drug-taking claim
Do vice-presidential picks matter?
If they have any effect on an election’s result, it is at the margins