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aggregate demand
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aggregate demand The total of intended or
ex ante attempts to spend on final goods and services produced in a country. In a
closed economy aggregate demand is the sum of consumption, investment and government spending on goods and services. In an
open economy it is this plus export ...
Related newspaper, magazine, and journal articles from HighBeam Research
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A comment on "does the aggregate demand curve suffer from the fallacy of composition".
American Economist
; A recent article in this journal by Professors Saltz, Cantrell, and Horton questioned the validity and existence of the aggregate demand curve in macroeconomics. (1) More specifically, the authors contend that the aggregate demand problem is a classic example of the fallacy of composition and
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Asymmetry in the effects of monetary and government spending shocks: Contrasting evidence and implications
Economic Inquiry
; ABBREVIATIONS 3SLS: Three-Stage Least Squares GDP: Gross Domestic Product Using quarterly data for the United States, demand contraction exceeds expansion in the face of monetary and government spending shocks. Demand contraction in the face of government spending shocks, is absorbed in nominal
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Variation in the Effects of Aggregate Demand Shocks: Evidence and Implications across Industrial Countries.(macroeconomics research)
Southern Economic Journal
; Magda Kandil Over a sample of nineteen industrial countries, more variable aggregate demand and/or higher mean inflation attenuates (augments) the effect of aggregate demand shocks on real output growth (wage and price inflation) while having no effect on the response of the real wage to such
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The Federal Reserve's response to aggregate demand and aggregate supply shocks: evidence of a partisan political cycle.
Southern Economic Journal
; I. Introduction The orthodox approach to modeling the Fed's response to economic conditions is to employ a monetary policy reaction function. Most reaction functions are estimated by regressing a policy indicator, possibly the federal funds rate or a monetary aggregate, on variables that describe
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MEXICAN AGGREGATE DEMAND INCREASES
Infolatina
; Infolatina 09-17-2001 Mexican Aggregate Demand Increases MEXICO CITY, Sep 17, 2001 (El Economista/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- Final aggregate demand of goods and services rose in real terms in Mexico, during the April to June period. The only component of aggregate
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A note on purchasing power parity and aggregate demand elasticity.
Atlantic Economic Journal
; The purchasing power parity theory of exchange rate determination predicts that countries which have a rate of inflation higher than those of other nations will experience a depreciation of their currency. This conclusion suggests that the differences in inflation rates are associated with
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The aggregate demand/supply model: a premature requiem?
American Economist
; Two recent articles [Barro (1994) and Geithman (1994)] have argued that the aggregate demand/aggregate supply approach is incorrect and/or inappropriate for explaining macroeconomic theory (or theories) to students. The purpose of this brief note is not to criticize the positions of Barro and
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Mexican Aggregate Demand Increases.
Internet Securities
; ... machinery, mining, crude oil and natural gas. URL: www.securities.com Copyright 2001 Internet Securities, Inc., all rights reserved. A Euromoney Institutional Investor Company. SUBJECT CODE: Egdp News Provided by COMTEX (http://www.comtexnews.com)
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Marxian Reproduction Schema: Money and Aggregate Demand in a Capitalist Economy.(Book review)
Journal of Economic Issues
; Marxian Reproduction Schema: Money and Aggregate Demand in a Capitalist Economy, by Andrew B. Trigg. Ahingdon, UK and New York, USA. Routledge. 2006. Hardback: ISBN-10 0-415-33669-4, 60.00 [pounds sterling]. 130 pages. This is an ambitious little book. Trigg attempts to advance our understanding of
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Does the aggregate demand curve suffer from the fallacy of composition?(economics research)
American Economist
; Introduction The aggregate demand curve, the cornerstone of much macroeconomic analysis, poses both theoretical and pedagogical problems at the Principles of Economics level. This paper contends that these problems are due to the fallacious use of microeconomic principles to teach and draw
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