Similar Search Results

Sentiments and Aggregate Demand Fluctuations

Benhabib, Jess - 2014

We formalize the Keynesian insight that aggregate demand driven by sentiments can generate output fluctuations under rational expectations. When production decisions must be made under imperfect information about demand, optimal decisions based on sentiments can generate stochastic...

Persistent link: https://www.econbiz.de/10013065384

The Composition of Aggregate Demand, Division of Labor and the Business Cycle

Karadas, Ercan - 2019

the resulting mechanism operates in response to a positive exogenous shock consider an innovator (H-skill) producing … iPhones and a waiter (L-skill) producing dining services. A positive technology shock makes the innovator more productive and … innovator is not directly related to the original technology shock but to the demand from the waiter and that is exactly why the …

Persistent link: https://www.econbiz.de/10012893921

Global demand and supply sentiment : evidence from earnings calls

Taskin, Temel; Ruch, Franz Ulrich - 2023 - Last updated: June 30, 2023

This paper quantifies global demand, supply and uncertainty shocks and compares two major global recessions: the 2008-09 Great Recession and the COVID-19 pandemic. We use two alternate approaches to decompose economic shocks: text mining techniques on earning call transcripts and a structural...

Persistent link: https://www.econbiz.de/10014456396

Greed? Profits, Inflation, and Aggregate Demand

Bilbiie, Florin; Känzig, Diego R. - National Bureau of Economic Research - 2023

Amidst the recent resurgence of inflation, this paper investigates the interplay of corporate profits and income distribution in shaping inflation and aggregate demand within the New Keynesian framework. We derive a novel analytical condition for profits to be procyclical and inflationary....

Persistent link: https://www.econbiz.de/10014337850

Depressed demand

Massenot, Baptiste; Giang Hong Nghiem - 2020

Using a survey of Dutch households, we find that individuals who have experienced higher national unemployment rates over their lifetime save more and borrow less, after controlling for aggregate shocks, income, wealth, and demographics. These results are consistent with experience-based...

Persistent link: https://www.econbiz.de/10012424305

Demand, Growth, and Deleveraging

Greaney, Brian - 2019

find a persistent recession induced by deleveraging can significantly influence growth in productivity. In turn, the growth …

Persistent link: https://www.econbiz.de/10012862525

The Dynamic Effects of Aggregate Demand and Supply Disturbances on the Aggregate Earnings-Returns Relation

M. Abdalla, Ahmed; Carabias, Jose M. - 2022

Using a standard framework from Keynesian economics, we provide novel insights on the dynamic nature of the aggregate earnings-return relation. Aggregate earnings are a measure of aggregate output, and as such, they capture demand and supply shocks. Demand shocks could have positive or negative...

Persistent link: https://www.econbiz.de/10013405975

A risk-centric model of demand recessions and macroprudential policy

Caballero, Ricardo J.; Simsek, Alp - 2018

Persistent link: https://www.econbiz.de/10011905042

The importance of unemployment insurance as an automatic stabilizer

Di Maggio, Marco; Kermani, Amir - 2016

Persistent link: https://www.econbiz.de/10011873330

A risk-centric model of demand recessions and speculation

Caballero, Ricardo J.; Simsek, Alp - 2019

Persistent link: https://www.econbiz.de/10012177384