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Year of publication
Subject
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Aggregate demand 1,816 Gesamtwirtschaftliche Nachfrage 1,791 aggregate demand 945 Theorie 855 Theory 853 United States 432 USA 426 inflation 380 monetary policy 344 central bank 335 Economic growth 312 Schock 293 Shock 293 monetary fund 282 fiscal policy 257 Economic models 238 Schätzung 238 Estimation 235 Aggregate supply 223 public debt 221 Gesamtwirtschaftliches Angebot 217 inflation rate 202 Wirtschaftswachstum 196 monetary economics 195 price level 192 foreign exchange 181 Monetary policy 175 government spending 173 balance of payments 171 nominal interest rate 171 current account balance 167 public finances 167 terms of trade 166 Business cycle 163 Konjunktur 163 fiscal balance 158 real interest rate 155 price stability 154 debt service 149 money supply 149
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Online availability
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Free 1,374 Undetermined 272
Type of publication
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Book / Working Paper 1,728 Article 1,063 Journal 3
Type of publication (narrower categories)
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Article in journal 812 Aufsatz in Zeitschrift 812 Working Paper 578 Graue Literatur 575 Non-commercial literature 575 Arbeitspapier 546 Aufsatz im Buch 183 Book section 183 Hochschulschrift 31 Thesis 27 Collection of articles of several authors 21 Sammelwerk 21 Conference paper 11 Konferenzbeitrag 11 Collection of articles written by one author 8 Sammlung 8 Amtsdruckschrift 7 Commentary 7 Government document 7 Kommentar 7 Aufsatzsammlung 6 Konferenzschrift 5 Statistik 5 Bibliografie enthalten 4 Bibliography included 4 Statistics 4 Systematic review 4 Übersichtsarbeit 4 Advisory report 3 Article 3 Gutachten 3 Market information 3 Marktinformation 3 Book review 2 Case study 2 Conference proceedings 2 Fallstudie 2 Interview 2 Lehrbuch 2 Rezension 2
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Language
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English 1,970 Undetermined 585 German 156 Spanish 25 Italian 21 French 17 Russian 12 Polish 3 Portuguese 3 Danish 1 Lithuanian 1 Dutch 1 Norwegian 1 Slovak 1 Slovenian 1 Ukrainian 1
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Author
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Laxton, Douglas 29 Hartwig, Jochen 22 Wen, Yi 20 Stockhammer, Engelbert 18 Benhabib, Jess 17 Dutt, Amitava Krishna 17 Bhaduri, Amit 15 Kumhof, Michael 15 Lavoie, Marc 15 Skott, Peter 15 Wang, Pengfei 15 Dosi, Giovanni 14 Weder, Mark 14 Fazzari, Steven M. 13 Berg, Andrew 12 Caballero, Ricardo J. 12 Michaillat, Pascal 12 Ono, Yoshiyasu 12 Saez, Emmanuel 12 Setterfield, Mark 12 Virgillito, Maria Enrica 12 Ederer, Stefan 11 Kandil, Magda 11 Palley, Thomas I. 11 Freedman, Charles 10 Funke, Michael 10 Leigh, Daniel 10 Onaran, Özlem 10 Razmi, Arslan 10 Łaski, Kazimierz 10 Botman, Dennis P. J. 9 Chiappori, Pierre-André 9 Muir, Dirk 9 Simsek, Alp 9 Bayoumi, Tamim 8 Chinn, Menzie David 8 Ferri, Piero 8 Flaschel, Peter 8 Francois, Joseph F. 8 Gottschalk, Jan 8
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Institution
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International Monetary Fund (IMF) 735 International Monetary Fund 262 National Bureau of Economic Research 25 C.E.P.R. Discussion Papers 10 Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München 8 Levy Economics Institute 4 Post Keynesian Economics Study Group - PKSG 4 Centre for Economic Performance, LSE 3 Department of Economics, University of Massachusetts-Amherst 3 East Asian Bureau of Economic Research (EABER) 3 Forschungsinstitut zur Zukunft der Arbeit 3 Institut für Weltwirtschaft 3 eSocialSciences 3 CESifo 2 Cowles Foundation for Research in Economics, Yale University 2 Department of Economics, Trinity College 2 EconWPA 2 Edward Elgar Publishing 2 Fachhochschule Jena / Fachbereich Betriebswirtschaft 2 Schweizerische Nationalbank 2 University of Bonn, Germany 2 Wiener Institut für Internationale Wirtschaftsvergleiche 2 Wiener Institut für Internationale Wirtschaftsvergleiche, wiiw 2 Aarhus Universitet / Afdeling for Nationaløkonomi 1 Arbeitsgemeinschaft Angewandte Geographie Münster 1 Associazione per lo sviluppo dell'industria nel Mezzogiorno 1 Australian National University / Research School of Pacific and Asian Studies / Department of Economics 1 Bernard Schwartz Center for Economic Policy Analysis (SCEPA), The New School 1 Brenthurst Foundation 1 Centre de Recerca Econòmica (UIB ·"Sa Nostra") 1 Centre de Recherche en Économie Appliquée (CREA), Faculté de droit, d'économie et de finance 1 Centre de recherche en Économie (OFCE), Sciences économiques 1 Centre for Macroeconomics (CFM) 1 Centre pour la Recherche Économique et ses Applications (CEPREMAP) 1 Centro de Desenvolvimento e Planejamento Regional (Cedeplar), Universidade Federal de Minas Gerais 1 Departamento de Economia, Faculdade de Economia, Administração, Contabilidade e Ciência da Informação e Documentação (FACE) 1 Departamento de Economia, Universidade Federal do Paraná 1 Department of Economic and Social Affairs, United Nations 1 Department of Economics and Finance Research and Teaching, Institut für Höhere Studien (IHS) 1 Department of Economics and Finance, College of Business and Economics 1
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Published in...
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IMF Working Papers 467 IMF Staff Country Reports 227 Working paper / National Bureau of Economic Research, Inc. 47 Discussion paper / Centre for Economic Policy Research 31 Review of political economy 30 Cambridge journal of economics 29 Journal of post-Keynesian economics : JPKE 27 NBER working paper series 25 IMF Occasional Papers 23 Review of Keynesian economics 19 NBER Working Paper 16 IMF Staff Position Notes 15 Applied economics 14 Metroeconomica : international review of economics 13 Journal of Post Keynesian Economics 12 Working paper 12 Discussion papers / CEPR 11 Economics letters 11 Working Paper 11 Aggregate demand and supply : a critique of orthodox macroeconomic modelling 10 CEPR Discussion Papers 10 Review of radical political economics 10 Working papers / The Levy Economics Institute 10 Economic modelling 9 FMM working paper 9 International review of applied economics 9 Journal of evolutionary economics : JEE 9 Structural change and economic dynamics : SC+ED 9 The economics of demand-led growth : challenging the supply-side vision in the long run 9 CAMA working paper series 8 Eastern economic journal 8 Economics Department working paper series 8 KOF working papers 8 The American economic review 8 Discussion paper / Centre for Economic Forecasting 7 Journal of monetary economics 7 Journal of money, credit and banking : JMCB 7 MPRA Paper 7 Restoring demand in the world economy : trade, finance and technology 7 Volkswirtschaftliche Diskussionsbeiträge 7
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Source
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ECONIS (ZBW) 1,852 RePEc 896 EconStor 36 USB Cologne (EcoSocSci) 8 BASE 2
Showing 1 - 50 of 2,794
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Effects of Covid-19 on Euro Area GDP and inflation : demand vs. supply disturbances
Kollmann, Robert - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012581941
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Inequality, household debt, ageing and bubbles : a model of demand-side Secular Stagnation
Di Bucchianico, Stefano - 2021
The mainstream concept of Secular Stagnation provides a comprehensive theoretical picture to explain sluggish economic growth and engenders a renewed role for fiscal policy. For these reasons, it should be praised. Given the difficulties entailed by the theoretical framework in which the theory...
Persistent link: https://ebtypo.dmz1.zbw/10012512676
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Distribution and gender effects on the path of economic growth: comparative evidence for developed, semi-industrialized, and low-income agricultural economies
Badru, Ruth - 2020
This paper applies a robust empirical methodology, which considers issues relating to cross-country heterogeneity and cross-sectional dependence, to inspect the contributions of gender equality and factor income distribution to an economy's growth path. A dynamic model of aggregate demand is...
Persistent link: https://ebtypo.dmz1.zbw/10012239618
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Indebted demand
Mian, Atif; Straub, Ludwig; Sufi, Amir - 2020
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...
Persistent link: https://ebtypo.dmz1.zbw/10012199991
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Demand shocks vs. supply shocks
Hwang, Seolwoong; Lee, Kwangwon; Yim, Geunhyung - 2022
Persistent link: https://ebtypo.dmz1.zbw/10013198179
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A note on temporary supply shocks with aggregate demand inertia
Caballero, Ricardo J.; Simsek, Alp - 2022
We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and expansionary policy is constrained. In this environment, it is optimal to run the economy hot until supply recovers. Positive output gaps in the low-supply phase lessen the negative output...
Persistent link: https://ebtypo.dmz1.zbw/10012886884
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160 years of aggregate supply and demand in Switzerland
Stuart, Rebecca - 2022
This paper studies the causes of movements in inflation and output in Switzerland over 160 years between 1855 and 2015. Aggregate supply and demand shocks are identified in a structural VAR and their evolution and effect on prices and output is discussed. Shocks to the Swiss economy have...
Persistent link: https://ebtypo.dmz1.zbw/10013175578
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Income distribution and economic cycles in an open economy supermultiplier model
Dvoskin, Ariel; Landau, Matías Torchinsky - 2022
Supermultiplier growth models show that higher autonomous spending leads to stronger economic growth, implying that greater government spending can boost economic activity (Freitas and Serrano, 2015). However, several authors highlighted the limits of this strategy, arguing that increased...
Persistent link: https://ebtypo.dmz1.zbw/10013256535
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Productivity and effective demand : assessing the disaggregate public spending
Zavaleta, Josué; Cruz Blanco, Moritz Alberto - In: Investigación económica : revista de la Faculdad de … 78 (2019) 309, pp. 107-132
In this paper, we attempt to support the argument regarding the endogeneity of productivity to effective demand. Unlike most of the works on the topic, we focus on the role that both public investment and public consumption have on productivity. We suggest, at the theoretical level, that public...
Persistent link: https://ebtypo.dmz1.zbw/10012037008
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Wealth inequality and aggregate demand
Ederer, Stefan; Rehm, Miriam - 2019
The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits...
Persistent link: https://ebtypo.dmz1.zbw/10012182882
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Wealth inequality and aggregate demand
Ederer, Stefan; Rehm, Miriam - 2019
The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits...
Persistent link: https://ebtypo.dmz1.zbw/10012123111
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Inequality, household debt, ageing and bubbles: A model of demand-side Secular Stagnation
Di Bucchianico, Stefano - 2021
The mainstream concept of Secular Stagnation provides a comprehensive theoretical picture to explain sluggish economic growth and engenders a renewed role for fiscal policy. For these reasons, it should be praised. Given the difficulties entailed by the theoretical framework in which the theory...
Persistent link: https://ebtypo.dmz1.zbw/10012517798
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Pandemics and aggregate demand: A framework for policy analysis
Flaschel, Peter; Galanis, Giorgos; Tavani, Daniele; … - 2021
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://ebtypo.dmz1.zbw/10012668962
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Identifying Aggregate Demand and Supply Shocks Using Sign Restrictions and Higher-Order Moments
Bekaert, Geert; Engstrom, Eric; Ermolov, Andrey - 2021
We use information in higher-order moments to identify aggregate supply and aggregate demand shocks for the U.S. economy. Traditional methods based on sign restrictions and/or second-order moments yield only “set” or “interval” identification but higher-order moments are shown to...
Persistent link: https://ebtypo.dmz1.zbw/10013223843
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A Real Theory of Aggregate Demand Shortages
Cao, Dan; Ebrahimy, Ehsan - 2021
How can low consumer spending cause an inefficient recession or recovery? We propose a real theory of aggregate demand shortages that does not rely on nominal rigidities. In our theory, an economy can be demand constrained when, i) productivity in the consumption goods sector can be improved or...
Persistent link: https://ebtypo.dmz1.zbw/10013226009
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Demand Variability, Supply Shocks and the Output-Inflation Tradeoff
Froyen, Richard T.; Waud, Roger N. - 2021
This paper examines the shift in the relation between the inflation rate and the rate of growth of real output which has occurred in the United States over the past three decades, and attempts to assess the relative importance of three possible lines of explanation: a) the new classical view of...
Persistent link: https://ebtypo.dmz1.zbw/10013223343
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Demand, Supply, and Markup Fluctuations
Santos, Carlos Daniel; Costa, Luís F.; Brito, Paulo B. - 2021
Markup cyclicality has been central for debating policy effectiveness and understanding business-cycle fluctuations. However, measuring the cyclicality of markups is as important as understanding the microeconomic mechanisms underlying that cyclicality. The latter requires measurement of...
Persistent link: https://ebtypo.dmz1.zbw/10013220344
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Notes for a New Guide to Keynes (I) : Wages, Aggregate Demand, and Employment
Galí, Jordi - 2021
I revisit the General Theory's discussion of the role of wages in employment determination through the lens of the New Keynesian model. The analysis points to the key role played by the monetary policy rule in shaping the link between wages and employment, and in determining the welfare impact...
Persistent link: https://ebtypo.dmz1.zbw/10013223078
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A History of Aggregate Demand and Supply Shocks for the United Kingdom, 1900 to 2016
Calvert Jump, Robert; Kohler, Karsten - 2021
While economic theory has been applied to numerous topics in economic history, there are very few attempts to interpret major macroeconomic shocks from the perspective of standard Keynesian theory. This paper presents a history of aggregate demand and supply shocks spanning 1900 - 2016 for the...
Persistent link: https://ebtypo.dmz1.zbw/10013242646
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Uncertainty and the Economy : The Evolving Distributions of Aggregate Supply and Demand Shocks
Bekaert, Geert; Engstrom, Eric; Ermolov, Andrey - 2021
We estimate the time-varying distribution of aggregate supply (AS) and aggregate demand (AD) shocks defined in the Keynesian tradition. In modeling the time variation in higher order moments, we distinguish between traditional Gaussian uncertainty and "bad" uncertainty, associated with negative...
Persistent link: https://ebtypo.dmz1.zbw/10013244019
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Estimating Aggregate Demand in Egypt
Emara, Noha; Mordos, Elise; Tyagi, Sonika - 2021
This econometric study seeks to determine the most important factors of aggregate demand in Egypt so as to provide insight into how this developing nation can grow economically in the coming years. The Ordinary Least Squares estimation method was used in order to estimate nominal GDP for the...
Persistent link: https://ebtypo.dmz1.zbw/10013233501
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Growth led by government expenditure and exports : public and external debt stability in a supermultiplier model
Morlin, Guilherme Spinato - 2021
Persistent link: https://ebtypo.dmz1.zbw/10013165985
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A Post-Kaleckian model with productivity growth and real exchange rate applied to selected Latin American countries
Alencar, Douglas Alcântara; Jayme Júnior, Frederico … - In: PSL quarterly review 74 (2021) 297, pp. 127-146
This paper aims to discuss the theory of productivity growth and its empirical applications, several authors emphasize the impact of real exchange rate devaluation on productivity. The main research question is: does the real exchange rate have a positive or negative impact on productivity...
Persistent link: https://ebtypo.dmz1.zbw/10013175068
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Pandemics and aggregate demand : a framework for policy analysis
Flaschel, Peter; Galanis, Giorgos; Tavani, Daniele; … - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012585902
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The impact of the Federal Reserve System's interest rate channel on the components of aggregate demand
Brózda-Wilamek, Dominika - In: Ekonomia i prawo 20 (2021) 3, pp. 479-496
Persistent link: https://ebtypo.dmz1.zbw/10012876148
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Real exchange rate and aggregate demand : empirical evidence : 1981-2010
Martínez Hernández, Francisco A.; Sauri-Alpuche, … - In: Análisis económico 36 (2021) 92, pp. 5-28
Persistent link: https://ebtypo.dmz1.zbw/10012659462
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Pandemics and aggregate demand : a framework for policy analysis
Flaschel, Peter; Galanis, Giorgos; Tavani, Daniele; … - 2021
This paper studies the interaction between epidemiological dynamics and the dynamics of economic activity in a demand-driven model in the structuralist/post-Keynesian tradition. On the one hand, rising aggregate demand increases the contact rate and therefore the probability of exposure to a...
Persistent link: https://ebtypo.dmz1.zbw/10012660440
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Ripple effects of monetary policy
Boissay, Frédéric; Garcia-Appendini, Emilia; Ongena, … - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012620818
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The anatomy of sentiment-driven fluctuations
Acharya, Sushant; Benhabib, Jess; Huo, Zhen - 2021 - Last updated: July 14, 2021
We show that sentiments - self-fulfilling changes in beliefs that are orthogonal to fundamentals - can drive persistent aggregate fluctuations under rational expectations in a beauty contest game. Such fluctuations can occur even in the absence of exogenous aggregate fundamental shocks....
Persistent link: https://ebtypo.dmz1.zbw/10012591674
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Demand-led industrialisation policy in a dual-sector small balance of payments constrained economy
Nomaler, Önder; Spinola, Danilo Sartorello; Verspagen, Bart - 2021
Persistent link: https://ebtypo.dmz1.zbw/10013187947
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Keynes's finance, the monetary and demand-led circuits : a Sraffian assessment
Cesaratto, Sergio; Pariboni, Riccardo - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012493227
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Long-run effective demand and residential investment: a Sraffian supermultiplier based analysis
Teixeira, Lucas; Petrini, Gabriel - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012500307
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When Hosios meets Phillips : connecting efficiency and stability to demand shocks
Petrosky-Nadeau, Nicolas; Wasmer, Etienne; Weil, Philippe - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012437064
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The transmission of Keynesian supply shocks
Cesa-Bianchi, Ambrogio; Ferrero, Andrea - 2021
Persistent link: https://ebtypo.dmz1.zbw/10013191700
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Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?
Shapiro, Matthew D. - 2021
Measured productivity is strongly procyclical. Real business cycle theories suggest that actual fluctuations in productivity are the source of fluctuations in aggregate output. Keynesian theories maintain that fluctuations in aggregate output come from shocks to aggregate demand. Keynesian...
Persistent link: https://ebtypo.dmz1.zbw/10013227898
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The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates
Chinn, Menzie David - 2021
The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore,...
Persistent link: https://ebtypo.dmz1.zbw/10013240954
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Imperfect Information, Heterogeneous Demand Shocks, and Inflation Dynamics
Okuda, Tatsushi; Tsuruga, Tomohiro; Zanetti, Francesco - 2021
Using sector-level survey data for the universe of Japanese firms, we establish the positive co-movement in the firm’s expectations about aggregate and sector-specific demand shocks. We show that a simple model with imperfect information on the current aggregate and sector-specific components...
Persistent link: https://ebtypo.dmz1.zbw/10013241100
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Efficiency-Based Development Versus Demand-Led and Supply-Led Growth
Gasimov, Aliagha; Najafov, Salman - 2021
The paper argues that the possibility of demand-led and supply-led growth models to ensure economic growth is limited and states the feasibility of shifting toward an efficiency-based development model. In particular, monetary policy should aim at increasing efficiency in the real sector. For...
Persistent link: https://ebtypo.dmz1.zbw/10013251960
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Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity
Rotemberg, Julio J.; Woodford, Michael - 2021
We construct a dynamic general equilibrium model in which the typical industry colludes by threatening to punish deviations from an implicitly agreed upon pricing path. We argue that models of this type explain better than do competitive models the way in which the economy responds to aggregate...
Persistent link: https://ebtypo.dmz1.zbw/10013234945
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When hosios meets phillips : connecting efficiency and stability to demand shocks
Petrosky-Nadeau, Nicolas; Wasmer, Etienne; Weil, Philippe - 2021
Persistent link: https://ebtypo.dmz1.zbw/10012483592
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Introducing minimum wages in Germany : employment effects in a post Keynesian perspective
Heise, Arne; Pusch, Toralf - 2018 - Revised version
There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...
Persistent link: https://ebtypo.dmz1.zbw/10011803177
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Productivity, the real exchange rate and the aggregate demand : an empirical exercise applied to brazil from 1960 to 2011
Alencar, Douglas Alcântara; Jayme Júnior, Frederico … - 2018
Persistent link: https://ebtypo.dmz1.zbw/10011963709
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Distribution and gender effects on the path of economic growth: Comparative evidence for developed, semi-industrialized, and low-income agricultural economies
Badru, Ruth - 2020
This paper applies a robust empirical methodology, which considers issues relating to cross-country heterogeneity and cross-sectional dependence, to inspect the contributions of gender equality and factor income distribution to an economy's growth path. A dynamic model of aggregate demand is...
Persistent link: https://ebtypo.dmz1.zbw/10012610187
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Some short-run macroeconomic considerations as society deals with a once-in-generations pandemic
Razmi, Arslan - 2020
COVID-19 constitutes a health crisis which has rapidly turned into a social and economic crisis. This paper briefly explores some of the issues raised by the combination of a massive supply-side shock with a massive demand-side shock, and the interaction of these with the exponential dynamics of...
Persistent link: https://ebtypo.dmz1.zbw/10012388916
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Wage shares and demand regimes in Central America: An empirical analysis for Costa Rica, El Salvador, Honduras, Nicaragua, and Panama, 1970-2016
Jiménez, Valeria - 2020
This paper analyzes the relationship between functional income distribution aggregate demand and economic growth in five Central American countries; Costa Rica, El Salvador, Honduras, Nicaragua, and Panama for the period 1970-2016. It estimates the effects of a change in the wage share on...
Persistent link: https://ebtypo.dmz1.zbw/10012406275
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Indebted Demand
Mian, Atif; Straub, Ludwig; Sufi, Amir - 2020
We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation that borrowers and savers differ in their marginal...
Persistent link: https://ebtypo.dmz1.zbw/10012207975
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Short- and long-run impacts of bursting bubbles
Hori, Takeo; Im, Ryonghun - 2020
Persistent link: https://ebtypo.dmz1.zbw/10012545829
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The Aggregate Demand for Bank Capital
Harris, Milton - 2020
We propose a novel conceptual approach to transparently characterizing credit market outcomes in economies with multi-dimensional borrower heterogeneity. Based on characterizations of securities' implicit demand for bank equity capital, we obtain closed-form expressions for the composition of...
Persistent link: https://ebtypo.dmz1.zbw/10012856613
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Monetary Policy and Sentiment-Driven Fluctuations
Chan, Jenny - 2020
I study optimal monetary policy in the presence of non-fundamental sources of fluctuations. Beliefs about aggregate demand can be self-fulfilling in models departing slightly from the complete information benchmark in the New Keynesian framework. Through its effect on aggregate variables, the...
Persistent link: https://ebtypo.dmz1.zbw/10012830669
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Aggregate Demand and Aggregate Supply Effects of COVID-19 : A Real-time Analysis
Bekaert, Geert - 2020
We extract aggregate demand and supply shocks for the US economy from real-time survey data on inflation and real GDP growth using a novel identification scheme. Our approach exploits non-Gaussian features of macroeconomic forecast revisions and imposes minimal theoretical assumptions. After...
Persistent link: https://ebtypo.dmz1.zbw/10012832930
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