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Economic stimulus effects of product innovation under demand stagnation

Matsuzaki, Daisuke; Ono, Yoshiyasu - 2023

When faced with economic stagnation, innovation, product innovation in particular, is often cited as an effective stimulus because it is thought to encourage household consumption and lead to higher demand. Using a secular stagnation model with wealth preference, we examine the effects of...

Persistent link: https://www.econbiz.de/10014233349

Economic Stimulus Effects of Product Innovation under Demand Stagnation

Matsuzaki, Daisuke; Ono, Yoshiyasu - 2023

When confronting economic stagnation, innovation (product innovation in particular) is often cited as an effective stimulus because it is assumed to encourage household consumption and lead to higher demand. Using a secular stagnation model with wealth preference, we examine the effects of...

Persistent link: https://www.econbiz.de/10014358549

A Reinterpretation of the Keynesian Consumption Function and Multiplier Effect

Murota, Ryu-ichiro - 2010

optimization model that explains a shortage of aggregate demand and unemployment. We show that government purchases boost aggregate …

Persistent link: https://www.econbiz.de/10013142452

Immigration and secular stagnation

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

We examine the effect of immigration on the host country in the dynamic model that can deal with secular unemployment …. Immigration has contrasting effects, depending on the economic state of the host country. If there is unemployment, immigration … worsens unemployment and decreases consumption by native residents whereas if full employment prevails, immigration has the …

Persistent link: https://www.econbiz.de/10012024753