assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of … positive shocks in the direct wage-share had a stronger (negative) impact on aggregate demand, than the supervisory wage share …

impact a nation’s ability to recover from negative aggregate demand shocks. Spanning total real GDP, per capita real GDP, and … nonfarm payroll employment in the USA, the book emphasizes the role of aggregate demand shocks in causing the US economy to …-provoking exploration of economic recovery or lack thereof, the book covers aggregate demand, employment, real GDP, and economic theories …

We study optimal monetary policy during temporary supply contractions when aggregate demand has inertia and … aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

on aggregate demand is amplified in this setup by inequality between saver and hand-to-mouth households. The …