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the case of both supply (productivity) and demand (preferences) shocks. …
Persistent link: https://www.econbiz.de/10010330285
the case of both supply (productivity) and demand (preferences) shocks. …
Persistent link: https://www.econbiz.de/10011518886
the case of both supply (productivity) and demand (preferences) shocks. …
Persistent link: https://www.econbiz.de/10005652415
Arrow argues that the biggest failures of economic theory are: our failure to explain the business cycle; the missing explanations for the size of fluctuations of prices; our failure to explain the causes of growth and of the spread of innovation. He then discusses several of the existing...
Persistent link: https://www.econbiz.de/10005789422
the decentralized coordination mechanism inherent in all competitive markets. Coordinating supply and demand is not the …
Persistent link: https://www.econbiz.de/10014536299
> <li>Some Building Blocks</li> <li>Review of Supply and Demand</li> <li>Preferences, Utility, Demand</li> <li>Income and …
Persistent link: https://www.econbiz.de/10011156361
as well as supply and demand ones are interpreted as different components of total value. The role of these components in …
Persistent link: https://www.econbiz.de/10011113607
We study planned price changes in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand deficiencies dominate in the short run. Quarter … role for demand stimulus policy to buffer the Covid-19 economic crisis. …
Persistent link: https://www.econbiz.de/10012238496
We study price-setting behavior in German firm-level survey data to infer the relative importance of supply and demand … during the Covid-19 pandemic. Supply and demand forces coexist, but demand shortages dominate in the short run. A reported … percentage points. These results imply a role for aggregate demand stabilization policy to buffer the economic consequences of …
Persistent link: https://www.econbiz.de/10012259571
This article uses multi-period ex ante anticipations of money supply growth to estimate the parameters of a model …
Persistent link: https://www.econbiz.de/10005769828