The role of debt in aggregate demand
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
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