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Russia's war of aggression, which has brought wide destruction and loss to Ukraine, has also transformed the Russian …'s financial reserves and increasing domestic borrowing. While the point at which Russia loses its ability to wage war remains …
Persistent link: https://www.econbiz.de/10015273144
The current study examines the relationship between the world oil price and aggregate demand in a developing country, Ghana, via the interest rate channel by means of cointegration analysis. Results of the study indicate that oil price - by impacting the price level positively - negatively...
Persistent link: https://www.econbiz.de/10010294003
We propose a microeconomic foundation of the multiplier effect and that of the consumption function using a dynamic optimization model that explains a shortage of aggregate demand and unemployment. We show that government purchases boost aggregate demand through a multiplier-like process but...
Persistent link: https://www.econbiz.de/10010332220
This paper develops a neo-Kaleckian endogenous growth model that incorporates aggregate supply - demand balance and balance between labor force and employment growth. The paper explicitly models income distribution which is a critical channel whereby unemployment affects investment and growth....
Persistent link: https://www.econbiz.de/10010460491
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Households in some European countries increased their indebtedness massively over the past 20 years. Besides household debt, also government debt and corporate debt are in some countries at levels not seen before. While there is a common agreement that these high debt levels are not sustainable...
Persistent link: https://www.econbiz.de/10010288228
In reaction to disruptions of the Single Market, the European Commission put forward an emergency instrument. It proposes far-reaching measures in order to maintain the proper functioning of the Single Market and ensure the supply and distribution of goods and services. The dirigiste...
Persistent link: https://www.econbiz.de/10014334702
Mit dem abermaligen Rückgang des Bruttoinlandsprodukts im ersten Quartal und den zuletzt eingetrübten Konjunkturindikatoren haben sich die Sorgen gemehrt, dass die Nachwehen der Energiekrise und die Straffung der Geldpolitik die Wirtschaft stärker belasten könnten als zuvor erwartet....
Persistent link: https://www.econbiz.de/10014423974