Search Results - subject_exact:"Aggregate demand"

Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026 - Last updated: April 10, 2026

Recessions are often accompanied by heightened uncertainty. We build an imperfect-information New Keynesian model in which procyclical information quality generates endogenous countercyclical uncertainty, and the nonlinear structure allows for a precautionary saving motive. We show theoretically...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015651854

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Supply shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2026

Book / Working Paper

Pandemic and war inflation : lessons from the international experience

Lipínska, Anna; Martínez-García, Enrique; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015546311

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Pandemic and war inflation : lessons from the international experience

Lipínska, Anna; Martínez-García, Enrique; … - 2025

Book / Working Paper

Fiscal multipliers in India : a macro-model linking human development, growth and distribution

Bose, Sukanya; Banerjee, Saikat - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015459568

Hanksson

Bilbiie, Florin; Galaasen, Sigurd Mølster; Gürkaynak, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015407300

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HANKSSON

Bilbiie, Florin; Galaasen, Sigurd Mølster; Gürkaynak, … - 2025

Book / Working Paper

Macroeconomic shocks in the fog : the role of endogenous uncertainty

Antonova, Anastasiia; Matvieiev, Mykhailo; Poilly, Céline - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015560441

Thirlwall's law : binding constraint or "centre-of-gravity"?

Dávila-Fernández, Marwil J.; Sordi, Serena - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014486316

An analysis of pandemic-era inflation in 11 economies

Bernanke, Ben; Blanchard, Olivier - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014532489

Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007 - 2021)

Hansen, Mads R. - 2024

In this paper, Structural Vector Autoregressive (SVAR) models of quarterly data between 2007 and 2021 are estimated to assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of the conventional neo-Goodwinian baseline case, with...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014490713

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Demand regimes and the business-cycle: Feedback effects between capacity utilization and income distribution taking into account overhead labor - SVAR-estimates for Germany (2007 - 2021)

Hansen, Mads R. - 2024

Book / Working Paper

On the possibility of an ever-increasing wealth concentration : Pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework

Ederer, Stefan; Rehm, Miriam - 2024

This paper develops a stock-flow consistent Post-Keynesian model in the Kalecki-Steindl tradition with endogenous wealth accumulation and distribution, which captures the key aspects of the Cambridge debate on (anti-)dual and Pasinetti equilibria. We find that a stable interior solution - that...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015149327

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On the possibility of an ever-increasing wealth concentration : pasinetti, dual, and anti-dual equilibria in a Post-Keynesian framework

Ederer, Stefan; Rehm, Miriam - 2024

Book / Working Paper

Immigration and secular stagnation

Miyagiwa, Kazuyuki; Ono, Yoshiyasu - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015051421

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Immigration and secular stagnation

Miyagiwa, Kazuyuki; Ono, Yoshiyasu - 2019 - Revised June 2019

Edition: Revised June 2019

Book / Working Paper

Changing dynamics and tail risks of aggregate demand and income distribution

Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan - 2024

This paper examines the changes in the dynamic interactions between aggregate demand and income distribution in the USA. We focus on two periods that capture the relevant characteristics before and after contemporary neoliberal capitalism. We study the interactions between aggregate demand and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015194294

On the convergence criterion in three-period-lived overlapping generations models

Barinci, Jean-Paul; Cho, Hye-Jin; Drugeon, Jean-Pierre - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015176839

Transitory shocks and consumption dynamics : pent-up demand or hand-to-mouth?

Brown, Martin; Hamoud, Mohamed; Toczynski, Jan - 2026 - This version: May 2026

We examine the recovery of U.S. consumer spending following the COVID-19 recession using monthly transaction data for over 34,000 individuals. We find limited evidence that cutbacks in spending on in-person services or durables during the recession generated pent-up demand. Instead, spending...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654807

A shock by any other name? : reconsidering the impacts of local demand shocks

Bassler, Sean; Rinz, Kevin; Wasser, David N.; Wozniak, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015618943

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A shock by any other name? : reconsidering the impacts of local demand shocks

Bassler, Sean; Rinz, Kevin; Wasser, David N.; Wozniak, … - 2026

Book / Working Paper

Demand Shocks in Equity Markets and Firm Responses

Broner, Fernando; Cortina, Juan J.; Schmukler, Sergio L.; … - 2026

This paper examines how shifts in investor demand influence firm financing and investment decisions. For identification, the paper exploits a large-scale MSCI methodo logical reform that mechanically redefined the stock weights in major international equity benchmark indexes, changing the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613906

Macroeconomic responses to productivity and global demand shocks : a comparative analysis of developing and developed economies

Ahmed, Waqas; Rehman, Muhammad; Sheraz, Sahar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015579647

Understanding cost pass-through when prices are dispersed

Garrod, Luke; Li, Ruochen; Russo, Antonio; Wilson, … - 2026 - Original version: January 2025, this version: February 2026

There is limited theoretical understanding of cost pass-through in markets where prices are dispersed. This paper analyzes cost pass-through within a framework that encompasses many models in the price dispersion literature where consumers vary in the number of firms they consider. We...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015605029

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Understanding cost pass-through when prices are dispersed

Garrod, Luke; Li, Ruochen; Russo, Antonio; Wilson, … - 2025

Book / Working Paper

Precautionary money demand in the economy's demand curve and in the fiscal and monetary multipliers : an extension

Pateiro-Rodríguez, Carlos; Martín-Bermúdez, Federico; … - 2026

This paper examines, through a modified aggregate demand curve, the reduction in equilibrium income caused by the presence of precautionary demand in the money demand function. Specifically, this paper rigorously analyses the transformation of the well-known fiscal and monetary policy...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015625880

Omnichannel supply chains amid demand shocks : a centralized hierarchical reinforcement learning framework

Giannopoulos, Panagiotis G.; Dasaklis, Thomas K. - 2026

Background: The rapid evolution of omnichannel retailing has reshaped retail supply chains (SCs) by coupling replenishment, fulfillment, and service decisions across multiple demand channels under inventory, lead-time, and capacity constraints. These interdependencies create coordination...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647668

Identifying relationship-level effects using covariance restrictions

De Jonghe, Olivier; Lewis, Daniel J. - 2026

We propose a new model in which relationship-specific e!ects or shocks are identified in a bipartite network under mild covariance restrictions, generalizing the influential Abowd et al. (1999) framework. For example, separate demand shocks are identified for each bank from which a firm borrows....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015632816

Estimating demand shocks from foot traffic : a big-data approach

Azzimonti, Marina; Wiczer, David; Xuan, Yang - 2026

This study leverages high-frequency foot-traffic data from SafeGraph to estimate demand shocks in customer-facing establishments across New York City's retail, service, and health sectors. Recognizing that variations in foot traffic can arise from both unpredictable demand shocks and firm-driven...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633707

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Estimating demand shocks from foot traffic : a big-data approach

Azzimonti, Marina; Wiczer, David; Xuan, Yang - 2026

Book / Working Paper

An introduction to land in demand-led growth

Zaffari, Gabriel - 2026

This paper incorporates land and rents into demand-led growth theory, examining how a tripartite class structure - workers, capitalists, and landlords - shapes income distribution and accumulation. Within a one-sector economy with normal-cost pricing, we derive income shares under two...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015665270

Monetary policy and inequality : a two-way relation

Thiel, Luzie - 2023

We study the transmission of monetary policy in the presence of heterogeneous households and examine the implications when the share of constrained households is a function of monetary policy. We build an analytically tractable heterogeneous agent New Keynesian model (THANK) with an endogenous...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013541937

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Monetary policy and inequality: A two-way relation

Thiel, Luzie - 2023

Book / Working Paper

Bottleneck effects of monetary policy

Garcia-Appendini, Emilia; Boissay, Frédéric; Ongena, … - 2023

Is monetary policy transmitted through markets for intermediate goods? Analyzing US data on corporate linkages, we document that the financial health of downstream and upstream firms plays a key role in monetary policy transmission. Our estimates suggest that contractionary changes in monetary...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014258376

What caused the US pandemic-era inflation?

Bernanke, Ben; Blanchard, Olivier - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014317965

Nonparametric identification of random coefficients in aggregate demand models for differentiated products

Dunker, Fabian; Hoderlein, Stefan; Kaido, Hiroaki - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014319357

How capital intensity affects technical progress : an empirical analysis for 17 advanced economies

Bellocchi, Alessandro; Travaglini, Giuseppe; Vitali, … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014311111

Different specifications and implications of the supermultiplier model

Pérez-Montiel, José A.; Sansó, Andreu - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654681

Asset bubbles and aggregate demand

Hori, Takeo; Im, Ryonghun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015323636

Global demand and supply elasticities and the impact of tariff shocks

Naqvi, Syed Ali Asjad - 2025 - This version: 14 April 2025

This study applies the Quadratic Almost Ideal Demand System (QUAIDS) to the Asian Development Bank's Multi-Region Input-Output (MRIO) dataset to estimate global demand and supply elasticities across intermediate vs. final, and domestic vs. foreign sectors. Using pooled data from 2021-2023,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015373766

Identifying heterogeneous supply and demand shocks in European credit markets

De Jonghe, Olivier; Lewis, Daniel J. - 2025

We propose a new model in which relationship-specific supply and demand shocks are non-parametrically identified in bipartite data under mild assumptions. For example, separate heterogeneous supply shocks are identified for each firm to which a bank lends. We show that a simple estimator is...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015211643

Firm ownership and the macroeconomics of incentive leakages

Aksoy, Yunus; Daripa, Arupratan; Samiri, Issam - 2025

Questions about market power have become salient in macroeconomics. We consider the role of institutional structures in addressing these within a dynamic general equilibrium framework. Standard models account for monopoly profits as a lump-sum transfer to the representative agent. We label this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339668

The power of persistence: how demand shocks and monetary policy shape macroeconomic outcomes

Collard, Fabrice; Fève, Patrick; Wangner, Philipp - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015194579

Rigid yet resilient : firms' margins of adjustment to demand shocks in regulated labour markets

Lucifora, Claudio; Origo, Federica - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405275

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Rigid yet resilient : firms' margins of adjustment to demand shocks in regulated labour markets

Lucifora, Claudio; Origo, Federica - 2025

Book / Working Paper

The labor supply curve is upward sloping : the effects of immigrant-induced demand shocks

Galaasen, Sigurd Mølster; Kostøl, Andreas R.; Monras, Joan - 2025

What is the effect of immigration on native labor-market outcomes? An extensive literature identifies the differential impact of immigration on natives employed in jobs that are more exposed to immigrant labor (supply exposure). But immigrants consume in addition to producing output. Despite...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417897

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The labor supply curve is upward sloping : the effects of immigrant-induced demand shocks

Galaasen, Sigurd; Kostøl, Andreas R.; Monras, Joan; … - 2025

Book / Working Paper

The labor supply curve is upward sloping : the effects of immigrant-induced demand shocks

Galaasen, Sigurd; Kostøl, Andreas R.; Monras, Joan; … - 2025

Book / Working Paper

The labor supply curve is upward sloping : the effects of immigrant-induced demand shocks

Galaasen, Sigurd Mølster; Kostøl, Andreas R.; Monras, Joan - 2025

Book / Working Paper

Decoding structural shocks in the global oil market

Alonso-Álvarez, Irma; Santabárbara, Daniel - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463690

Non-homothetic demand shifts and inflation inequality

Orchard, Jacob - 2025 - This version: August 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471516

Kaldor, Hicks and Goodwin meet the supermultiplier : on growth cycles and autonomous demand

Gallo, Ettore - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474217

Inflation and price flexibility

Petrella, Ivan; Santoro, Emiliano; Winkelmann, Yannik - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015436790

Excess capacity and demand-driven business cycles

Sun, Tiancheng - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015458926

Keynes's principle of effective demand reconsidered : the core of of a heterodox post-Keynesian paradigm, or a fundamentalist Keynesian concept that should be abandoned?

Heise, Arne - 2025

Keynes's Principle of Effective Demand is widely recognized not only as a major theoretical innovation but also as one of the core concepts uniting various post-Keynesian strands. However, Keynes's own treatment of the Principle of Effective Demand - known as the Z/D model and identified by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015425584

Monetary policy transmission amid demand reallocations

Bengui, Julien; Han, Lu; MacKenzie, Gaelan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015426999

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Monetary policy transmission amid demand reallocations

Bengui, Julien; Han, Lu; MacKenzie, Gaelan - 2024 - Last updated: October 25, 2024

Edition: Last updated: October 25, 2024

Book / Working Paper

Monetary policy transmission amid demand reallocations

Bengui, Julien; Han, Lu; MacKenzie, Gaelan - 2024

Book / Working Paper

Missing Imports in the Euro Area : Domestic Monetary Policy, Cross-Border Synchronization, and Demand Composition

Caselli, Francesca - 2025

This paper sheds new light on an overlooked channel of monetary transmission: the relationship between central bank interest rate policy and the economy’s trade position. It examines the impact of monetary policy on import dynamics through its effect on domestic demand composition. In 2023,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015613300

Growth is wage-led in the long run

Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2025

The literature on the empirical linkages between economic growth (or other measures of macroeconomic performance) and the functional distribution of income is copious on the short run. The sustained and simultaneous decline in average rates of real GDP growth and the labor share of income in the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015614521

Global demand, local ideas : the impact of trade shocks on firm innovation

Maczulskij, Terhi - 2025

This paper examines how firms' innovation activity responds to product- and destination-specific export demand shocks in their export markets. I draw on unique administrative data for Finnish manufacturing firms from 1999 onwards, matched with national customs records, patent data, and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596155

Business cycles in Chile (2000-2023) : analysing GDP and the components of aggregate demand

Tutiven-Desintonio, Cindy Gianella - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015551972

The origins and propagation of animal spirits shocks

Nirei, Makoto; Ragot, Xavier - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015619768

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The origins and propagation of animal spirits shocks

Nirei, Makoto; Ragot, Xavier - 2025

Book / Working Paper

Multiplier effect, credit and economic cycle : a neo-Kaleckian model

Sanches, Marina da Silva; Serra, Gustavo Pereira - 2025

Building on evidence of a stronger multiplier effect of social benefits during Brazil's 2015-2016 crisis, and the relative stability of consigned credit to retirees compared to active workers, we propose a demand-driven theoretical model to formalize the observed higher transfer multiplier in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015588487

The effects of demand and supply shocks on income inequality and price heterogeneity : evidence from Korea

Hwang, Seolwoong; Lee, Kwangwon; Yim, Geunhyung - 2025

We analyze the impact of demand and supply shocks on income inequality and price heterogeneity using data from Korea. We identify structural demand and supply shocks using long-run restrictions and estimate the effects of these shocks on the income distribution and income-specific CPIs using a...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015620585

Disentangling supply and demand shocks in a networked economy

Asai, Hiroyuki; Fujii, Daisuke; Nakata, Taisuke - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015558904