Narrow search
Showing 1 - 10 of 5,906
Cover Image
Investment, autonomous demand and long run capacity utilization : an empirical test for the Euro Area
Gallo, Ettore - 2019
In recent years, the role attached to the autonomous components of aggregate demand has attracted rising attention, as testified by the development of the Sraffian Supermulti plier model (SSM) and the attempts to include autonomous demand in the Neo-Kaleckian model. This paper reviews and...
Persistent link: https://www.econbiz.de/10011984077
Cover Image
Structural change, aggregate demand and employment dynamics in the OECD, 1970 - 2010
Hartwig, Jochen - 2013
The paper combines Baumol's model of structural change with a model of aggregate demand growth in the Keynesian …
Persistent link: https://www.econbiz.de/10010197410
Cover Image
How large are hysteresis effects? : estimates from a Keynesian growth model
Fazzari, Steven M.; González, Alejandro - 2023
This paper estimates a demand-led model of macroeconomic growth and fluctuations in which the growth rate of the … economy's supply side converges to the growth rate of demand. Convergence happens because labor supply and productivity growth … respond to the degree of slack in the economy. Faster demand growth reduces slack and stimulates supply (and vice-versa). We …
Persistent link: https://www.econbiz.de/10014327475
Cover Image
Debunking the granular origins of aggregate fluctuations : from real business cycles back to Keynes
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2018
", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical … evidence of a "demand granularity", based on investment growth shocks instead. The role of demand in explaining aggregate …
Persistent link: https://www.econbiz.de/10011873811
Cover Image
Estimating the output gap after COVID : an application to Colombia
Granados, Camilo; Parra-Amado, Daniel - 2023
This study examines whether and how important it is to adjust output gap frameworks during the COVID-19 pandemic and similar unprecedentedly large-scale episodes. Our proposed modelling framework comprises a Bayesian Structural Vector Autoregresion with an identification setup based on a...
Persistent link: https://www.econbiz.de/10014232751
Cover Image
Inequality, macroeconomic performance and political polarization : an empirical analysis
Proaño Acosta, Christian; Peña, Juan Carlos; … - 2019
This paper investigates the macroeconomic and social determinants of voting behavior, and especially of political polarization, for 20 advanced countries using annual data ranging from 1970 to 2016 and covering 291 parliamentary elections. Using a panel estimation approach and rolling...
Persistent link: https://www.econbiz.de/10011988887
Cover Image
Distribution and gender effects on the path of economic growth: comparative evidence for developed, semi-industrialized, and low-income agricultural economies
Badru, Ruth - 2020
's growth path. A dynamic model of aggregate demand is estimated on a unique panel dataset from 46 countries that are further … suggest that, overall, growth is driven by investment in the short run and domestic demand in the long run. In the short run …, the results suggest that low female wages act as a stimulus to growth in SIEs but may promote contractionary pressures on …
Persistent link: https://www.econbiz.de/10012239618
Cover Image
Monetary policy and inequality : a two-way relation
Thiel, Luzie - 2023
We study the transmission of monetary policy in the presence of heterogeneous households and examine the implications when the share of constrained households is a function of monetary policy. We build an analytically tractable heterogeneous agent New Keynesian model (THANK) with an endogenous...
Persistent link: https://www.econbiz.de/10013541937
Cover Image
Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007...
Hansen, Mads R. - 2024
In this paper, Structural Vector Autoregressive (SVAR) models of quarterly data between 2007 and 2021 are estimated to assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of the conventional neo-Goodwinian baseline case, with...
Persistent link: https://www.econbiz.de/10014490713
Cover Image
Functional Income Distribution and Aggregate Demand in the Euro Area
Stockhammer, Engelbert; Onaran, Özlem; Ederer, Stefan - 2010
An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
Persistent link: https://www.econbiz.de/10014211364