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Journal Article In AGRIS since : 2015 Volume : 39 Issue : 1 Start Page : 66 End Page : 82 Publisher : Elsevier Ltd All titles 82 Publisher : Elsevier Ltd All titles : " Dynamics of final sectoral energy demand and aggregate energy intensity " Save as: AGRIS_AP RIS EndNote(XML)
While greater inequality necessarily reduces aggregate demand, we show that the effect of inequality on the demand regime of the economy depends on various parameters due to multiplier effects. Second, in Section 3, we present an econometric study examining the role of income inequality in determining the demand regime for the USA from 1967 to 2010. We find that the increase in inequality
The author analyzes the inflationtargeting model that underlies recent textbook expositions of the aggregate demandaggregate supply approach used in introductory courses in macroeconomics. He shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and supply shocks of various kinds.
· The standard aggregate planning problem aims to determine the production levels, inventory kept in the supply chain, hiring and firing employees, overtime production, backorders and demand satisfaction levels with the objective of having the minimum cost or maximum profit. It is the most widely solved supply chain management problem. In this paper, the standard aggregate
Investors value the liquidity and safety of US Treasuries. We document this by showing that changes in Treasury supply have large effects on a variety of yield spreads. As a result, Treasury yields are reduced by 73 basis points, on average, from 1926 to 2008. Both the liquidity and safety attributes of Treasuries are driving this phenomenon.
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Oil prices climbed, moving toward 2019 highs, as industry data releases and rising risk sentiment in broader markets combined to boost commodities prices.
article citation Julio J. Rotemberg and Michael Woodford, "Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity," Journal of Political Economy 100, no. 6
The aggregate demand is the level of consumption that satisfies equation (2) when m = μ.The properties of the aggregate demand reflect the ''s indifference between consumption and holding μ p real money balances. First, a higher p leads to lower real money balances. s'' indifference between consumption and holding money implies that they desire lower consumption when p is
· 1. Just a few new growth theory models, referred to later, have some role for aggregate demand. 2. The difference between the two types of theories lies in which aggregate supply factors affect the long‐run rate of growth of the economy. Thus, the saving rate affects the long‐run growth rate in new growth theories, but not in the Solow model.
aggregate demand played a major role, such as those of Robinson (1962) and Kn (1959) were also earlier considered to be a part of growth theory (see Sen, 1970; Wan, 1971).4 Growth theories in which aggregate demand plays a role have not disappeared entirely, however. Several heterodox economists, who can be called postKeynesian or structuralist, give centre stage to aggregate These
· 28 The seminal article is Kennedy, Charles, " Induced Bias in Innovation and the Theory of Distribution," Economic Journal, 7 4 (Sept. 1964), 149 –55. For a review of the ensuing debate, see David, Paul A., "Labor Scarcity and the Problem of Technological Practice and Progress in Nineteenth Century America," in Technical Choice, Innovation, and Economic Growth ( Cambridge, 1975 ) .
Aggregate Demand Management in Search Equilibrium Peter A. Diamond Massachusetts Institute of Technology Equilibrium is analyzed for a simple barter model with identical riskneutral agents where trade is coordinated by a stochastic matching process. It is shown that there are multiple steadystate rational expectations equilibria, with all noncorner solution equilibria inefficient. This
This paper combines different aggregatelevel data sets to identify new product demand in consumer packaged goods (CPG) categories. Our approach augments marketlevel timeseries data with widely available summaries of purchase behavior,, brand penetration and purchase set size data. We show that this augmentation is helpful in the estimation of consumer heterogeneity. For
This paper shows how the power of fiscal policy to affect consumption can vary depending on the level of public debt. At moderate levels of debt fiscal policy has the traditional keynesian effects.
Retrospectives: CostPush and DemandPull Inflation: Milton Friedman and the "Cruel Dilemma" by Johannes A. Schwarzer. Published in volume 32, issue 1, pages 195210 of Journal of Economic Perspectives, Winter 2018, Abstract: This paper addresses
· It was a classic, textbook drop in aggregate demand. But the recession then dragged on for years, and productivity growth slowed, just as these models would have predicted.
We estimate the determinants of credit and of nonperforming assets (NPAs) using a firm and a bank panel with data up to 2015 in order to test bank lending against the aggregate demand channel as an explanation for slow Indian credit growth. The results support demand as the key constraint. Only demand variables affect corporate credit for a broad set of firms. Balance sheet weakness reduced
Aggregate Demand and Supply Roger E. A. Farmer. NBER Working Paper No. 13406 Issued in September 2007 NBER Program(s):Economic Fluctuations and Growth, Monetary Economics, Political Economy This paper is part of a broader project that provides a
· Aggregate demand is everything purchased in an economy. Here are the 6 determinants, 5 components, how to calculate the formula, and demand.
· Under the aggressive scenario, peak ventilator demand is projected to occur between April 19 and 24, and aggregate United States ventilator supply would still be times higher than demand
This study reformulated the aggregate import demand function for South Africa by incorporating a financial variable, bank credit. The study used the bounds testing approach for cointegration and the autoregressive distributed lag models to estimate shortrun and longrun elasticities of aggregate import demand. The cointegration results confirm a long run relationship between the quantity of
Journal of Economic Education, v32 n4 p38186 Fall 2001 Explores the problems of portraying oilprice shocks using the aggregate demand/aggregate supply model. Presents a simple modification of the model that differentiates between production and absorption of goods, which enables it to better reflect the effects of oilprice shocks on open economies.
While aggregate supply is likely to fall, or at least to grow less quickly, what will happen to the balance of aggregate demand and supply is less clear. A temporary rise in demand, as people stock up, could see a surge in prices, unless supermarkets and other firms are keen to demonstrate that they are not profiting from the disease. In the longer term, if aggregate demand continues to grow
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