accelerator principle

We want a more predictable base-deepening formula through an accelerator principle to determine the evolution of tax rates, given the new tax base.

An interesting theory of the trade cycle was propounded by Paul Samuelson in 1939 and is based on interaction between the multiplier process and the accelerator principle.

The model explains economic boom and bust by the assumption that investors are only influenced by output (known as the accelerator principle); this is now widely believed to be false.

We concentrate on the famous multiplier-accelerator theory, so this is a good point at which to review your understanding of the multiplier process (Ch. 18) and the accelerator principle (Ch. 19).

With regard to tax rates, as before we propose not a complex system of coming back on the question every so many years, but an accelerator principle to be subject to review potentially every five years.

Black had already excluded investment in dwellings, in the social services, and in North Sea oil, on the grounds that investment in these sectors was unlikely to be affected by an accelerator principle.