Offshoring, employment, and aggregate demand
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DOI: 10.1007/s00191-018-0582-4
Abstract: The article uses a demand-constrained small-open-economy model in the tradition of Keynes and Kalecki to study the effects of offshoring on aggregate demand and domestic employment. Offshoring is represented as labor-saving import-using technical change. The… read more here.
Keywords: aggregate demand; offshoring employment; employment aggregate; employment ... See more keywords
Are uncertainty shocks aggregate demand shocks
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DOI: 10.1016/j.econlet.2018.03.029
Abstract: This note considers the Leduc and Liu (JME, 2016) model and studies the effects of their uncertainty shock under different Taylor-type rules. It shows that both the responses of real and nominal variables highly depend… read more here.
Keywords: aggregate demand; uncertainty; demand shocks; shocks aggregate ... See more keywords
A simple aggregate demand analysis with dynamic optimization in a small open economy
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DOI: 10.1016/j.econmod.2020.04.019
Abstract: We develop an aggregate demand analysis of a small open economy based on all agents’ dynamic optimization. Murota and Ono (2015) present a simple Keynesian cross analysis with dynamic optimization. This paper extends it to… read more here.
Keywords: small open; aggregate demand; dynamic optimization; demand analysis ... See more keywords
The role of debt in aggregate demand
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DOI: 10.1016/j.frl.2020.101653
Abstract: Abstract With the purpose of performing a simple and original analysis on the mechanisms through which money and debt affect aggregate demand, this paper presents a stock-flow-consistent model in which the role of credit creation… read more here.
Keywords: role debt; debt aggregate; aggregate demand; debt ... See more keywords
Interrelation of Income, Inflation and Aggregate Demand in the Russian Economy
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DOI: 10.17059/2018-4-32
Abstract: The choice of economic policy instruments to ensure economic growth is one of the important problems of the country. The purpose of the article is to analyze and characterize the interconnection of income, inflation and… read more here.
Keywords: policy; aggregate demand; inflation aggregate; economy ... See more keywords