Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124334518> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W3124334518 abstract "We present a static model of aggregate demand and unemployment. The economy has a nonproduced good, a produced good, and labor. Product and labor markets have matching frictions. A general equilibrium is a set of prices, market tightnesses, and quantities such that buyers and sellers optimize given prices and tightnesses, and actual tightnesses equal posted tightnesses. In each frictional market,there is one more variable than equilibrium condition. To close the model, we take all prices as parameters. We obtain the following results: (1) unemployment and unsold production prevail in equilibrium; (2) each market can be slack, efficient, or tight if the price is too high, efficient, or too low; (3) product market tightness and sales are positively correlated under aggregate demand shocks but negatively correlated under aggregate supply shocks; (4) transfers from savers to spenders stimulate aggregate demand, product market tightness, and employment; (5) the government-purchase multiplier is positive when the economy is slack, zero when the economy is efficient,and negative when the economy is tight; (6) with unequal distribution of profits and labor income, a wage increase may stimulate aggregate demand and reduce unemployment." @default.
- W3124334518 created "2021-02-01" @default.
- W3124334518 creator A5013275072 @default.
- W3124334518 creator A5017685817 @default.
- W3124334518 date "2013-08-01" @default.
- W3124334518 modified "2023-09-27" @default.
- W3124334518 title "A Model of Aggregate Demand and Unemployment" @default.
- W3124334518 hasPublicationYear "2013" @default.
- W3124334518 type Work @default.
- W3124334518 sameAs 3124334518 @default.
- W3124334518 citedByCount "3" @default.
- W3124334518 countsByYear W31243345182013 @default.
- W3124334518 countsByYear W31243345182014 @default.
- W3124334518 countsByYear W31243345182015 @default.
- W3124334518 crossrefType "posted-content" @default.
- W3124334518 hasAuthorship W3124334518A5013275072 @default.
- W3124334518 hasAuthorship W3124334518A5017685817 @default.
- W3124334518 hasConcept C103382277 @default.
- W3124334518 hasConcept C105795698 @default.
- W3124334518 hasConcept C120330832 @default.
- W3124334518 hasConcept C126285488 @default.
- W3124334518 hasConcept C139719470 @default.
- W3124334518 hasConcept C145236788 @default.
- W3124334518 hasConcept C162324750 @default.
- W3124334518 hasConcept C165064840 @default.
- W3124334518 hasConcept C175444787 @default.
- W3124334518 hasConcept C195534400 @default.
- W3124334518 hasConcept C203379541 @default.
- W3124334518 hasConcept C2524010 @default.
- W3124334518 hasConcept C2778126366 @default.
- W3124334518 hasConcept C33923547 @default.
- W3124334518 hasConcept C556758197 @default.
- W3124334518 hasConcept C59329165 @default.
- W3124334518 hasConcept C68356823 @default.
- W3124334518 hasConcept C90673727 @default.
- W3124334518 hasConceptScore W3124334518C103382277 @default.
- W3124334518 hasConceptScore W3124334518C105795698 @default.
- W3124334518 hasConceptScore W3124334518C120330832 @default.
- W3124334518 hasConceptScore W3124334518C126285488 @default.
- W3124334518 hasConceptScore W3124334518C139719470 @default.
- W3124334518 hasConceptScore W3124334518C145236788 @default.
- W3124334518 hasConceptScore W3124334518C162324750 @default.
- W3124334518 hasConceptScore W3124334518C165064840 @default.
- W3124334518 hasConceptScore W3124334518C175444787 @default.
- W3124334518 hasConceptScore W3124334518C195534400 @default.
- W3124334518 hasConceptScore W3124334518C203379541 @default.
- W3124334518 hasConceptScore W3124334518C2524010 @default.
- W3124334518 hasConceptScore W3124334518C2778126366 @default.
- W3124334518 hasConceptScore W3124334518C33923547 @default.
- W3124334518 hasConceptScore W3124334518C556758197 @default.
- W3124334518 hasConceptScore W3124334518C59329165 @default.
- W3124334518 hasConceptScore W3124334518C68356823 @default.
- W3124334518 hasConceptScore W3124334518C90673727 @default.
- W3124334518 hasLocation W31243345181 @default.
- W3124334518 hasOpenAccess W3124334518 @default.
- W3124334518 hasPrimaryLocation W31243345181 @default.
- W3124334518 hasRelatedWork W1483994175 @default.
- W3124334518 hasRelatedWork W1522832978 @default.
- W3124334518 hasRelatedWork W1527217101 @default.
- W3124334518 hasRelatedWork W1545562232 @default.
- W3124334518 hasRelatedWork W1575198747 @default.
- W3124334518 hasRelatedWork W1972601373 @default.
- W3124334518 hasRelatedWork W1994733375 @default.
- W3124334518 hasRelatedWork W2076951269 @default.
- W3124334518 hasRelatedWork W2077512911 @default.
- W3124334518 hasRelatedWork W2165041713 @default.
- W3124334518 hasRelatedWork W2345901813 @default.
- W3124334518 hasRelatedWork W2482216533 @default.
- W3124334518 hasRelatedWork W2483762044 @default.
- W3124334518 hasRelatedWork W2486022509 @default.
- W3124334518 hasRelatedWork W2506069412 @default.
- W3124334518 hasRelatedWork W3112311555 @default.
- W3124334518 hasRelatedWork W3123019583 @default.
- W3124334518 hasRelatedWork W3123710844 @default.
- W3124334518 hasRelatedWork W3149286053 @default.
- W3124334518 hasRelatedWork W3152101571 @default.
- W3124334518 isParatext "false" @default.
- W3124334518 isRetracted "false" @default.
- W3124334518 magId "3124334518" @default.
- W3124334518 workType "article" @default.