Kaleckian theory, which highlights that the domestic demand effect of a decline in the wage share will typically be … contractionary, whereas net exports will increase (Blecker 1989). The size of the foreign demand effect will critically depend on the … degree of openness of the economy. This paper aims at estimating empirically the demand side of a Bhaduri and Marglin (1990 …

of the crisis. International risk sharing did little to shield domestic demand from the country-specific component of … output declines, while those countries with large pre-crisis current account deficits saw domestic demand fall by much more …

Recent works on markets and consumption have displayed a great interest on the demand making associated with the … consumption acts. They thus contribute to explain the widely admitted elusive character of the demand for the luxury products … spreading of the mass consumption. They have shown that the uses of marketing techniques were leading to the formation of â …