The determination of aggregate demand

2008 ◽  
pp. 409-450
Keyword(s):  
Aggregate Demand

scholarly journals Empirical analysis of the determinants of the IPCA for the period of 2000 to 2011: an approach based on a SVAR model

2017 ◽  
Vol 31 (2) ◽  
Author(s):  
Mateus Boldrine Abrita ◽  
Eliane Cristina De Araújo ◽  
Angelo Rondina Neto
Keyword(s):  
Exchange Rate ◽  
Empirical Analysis ◽  
Autoregressive Model ◽  
Price Index ◽  
Aggregate Demand ◽  
Consumer Price Index ◽  
External Factors ◽  
Level Of Activity ◽  
Svar Model

This study examines empirically the determinants of the Brazilian inflation, measured by the Broad Consumer Price Index (IPCA) and its decomposition, estimating two equations and using an autoregressive model. The database covers the period from January 2000 to December 2011. Five main groups are mentioned as the determinants of inflation: i) Aggregate Demand; ii) Aggregate Supply; iii) Exchange Rate; iv) Salaries and v) Inertia. The evidences reveals that inertia, external factors and the supply conditions overlap the demand in the determination of the Brazilian inflation. Thus, inflation shows to be little sensitive to the level of activity. 

scholarly journals Monetary Policy And Not Monetary Control: A Rethinking

2011 ◽  
Vol 14 (1) ◽  
pp. 91
Author(s):  
Stanley C. W. Salvary
Keyword(s):  
Monetary Policy ◽  
Money Supply ◽  
Price Level ◽  
Aggregate Demand ◽  
General Level ◽  
Empirical Reality ◽  
Strict Adherence ◽  
Relative Prices ◽  
Monetary Control

The view that prediction is the only important concern when policy is to be developed has led to the strict adherence to a money supply rule via the Quantity Theory of Money with its debilitating consequences. The monetarists place the emphasis on the level of the money supply in the determination of price level changes and monetary control is exercised. Along with this line of thinking, statistical elegance transcends empirical reality. Thus, the ensuing consequences of monetary control are not surprising. There are continuous increases in the general level of pries and increasing problems of unemployment, which fuel the flames of business downsizing. In this paper, an alternative to the monetarist explanation of the determination of the price level is advanced. The alternative explanation does not rely on changes in the supply of money but on changes in the composition of aggregate demand and supply. Absent monetary dislocation or revaluation of the currency, change in the general price level is attributed to the net effect of the realignment of relative prices. It is argued that a rethinking of the situation would results in monetary policy that is compatible with the economic setting and not monetary control which crowds out fiscal policy.

scholarly journals Lohnpolitik und Beschäftigung – Debatte ohne Ende?

2002 ◽  
Vol 3 (2) ◽  
pp. 207-224 ◽  
Author(s):  
Jürgen Jerger ◽  
Oliver Landmann
Keyword(s):  
Productivity Growth ◽  
Aggregate Demand ◽  
Nominal Wage ◽  
Wage Policy ◽  
Appropriate Behavior ◽  
Power Effect ◽  
Key Issues ◽  
Unemployment Problem

Abstract This paper takes a fresh look at the often confused - and therefore confusing - debate on the role of wage policy in tackling Germany's unemployment problem. The key issues in this debate are the relative importance of wages and aggregate demand in the determination of employment, the appropriate behavior of wages in relation to productivity growth, and the significance of the purchasing power effect of wages. We argue that the most useful tool to address and resolve these issues is the basic textbook model of aggregate supply and aggregate demand. Most importantly, the model predicts that employment is governed by the ratio of aggregate nominal demand and the nominal wage level. The empirical picture strongly supports this assertion. In contrast, the relation between the rate of wage growth and the rate of productivity growth does not play the causal role in determining employment that is widely attributed to it.

Galactic orbits of stars

1966 ◽  
Vol 25 ◽  
pp. 93-97
Author(s):  
Richard Woolley
Keyword(s):  
Globular Cluster ◽  
Potential Field ◽  
High Velocity ◽  
Velocity Vector ◽  
Variable Stars ◽  
The Sun ◽  
Proper Motions ◽  
Rr Lyrae ◽  
The Galaxy

It is now possible to determine proper motions of high-velocity objects in such a way as to obtain with some accuracy the velocity vector relevant to the Sun. If a potential field of the Galaxy is assumed, one can compute an actual orbit. A determination of the velocity of the globular clusterωCentauri has recently been completed at Greenwich, and it is found that the orbit is strongly retrograde in the Galaxy. Similar calculations may be made, though with less certainty, in the case of RR Lyrae variable stars.

Distance to SN 1987A and the LMC

1999 ◽  
Vol 190 ◽  
pp. 549-554
Author(s):  
Nino Panagia
Keyword(s):  
Angular Size ◽  
Large Magellanic Cloud ◽  
Magellanic Cloud ◽  
Light Curves ◽  
Distance Modulus ◽  
Absolute Size ◽  
Sn 1987A

Using the new reductions of the IUE light curves by Sonneborn et al. (1997) and an extensive set of HST images of SN 1987A we have repeated and improved Panagia et al. (1991) analysis to obtain a better determination of the distance to the supernova. In this way we have derived an absolute size of the ringRabs= (6.23 ± 0.08) x 1017cm and an angular sizeR″ = 808 ± 17 mas, which give a distance to the supernovad(SN1987A) = 51.4 ± 1.2 kpc and a distance modulusm–M(SN1987A) = 18.55 ± 0.05. Allowing for a displacement of SN 1987A position relative to the LMC center, the distance to the barycenter of the Large Magellanic Cloud is also estimated to bed(LMC) = 52.0±1.3 kpc, which corresponds to a distance modulus ofm–M(LMC) = 18.58±0.05.

International determination of the total motion of the pole

1961 ◽  
Vol 13 ◽  
pp. 29-41
Author(s):  
Wm. Markowitz
Keyword(s):  
Secular Motion ◽  
The Future

A symposium on the future of the International Latitude Service (I. L. S.) is to be held in Helsinki in July 1960. My report for the symposium consists of two parts. Part I, denoded (Mk I) was published [1] earlier in 1960 under the title “Latitude and Longitude, and the Secular Motion of the Pole”. Part II is the present paper, denoded (Mk II).

Time and Latitude in South Africa

1972 ◽  
Vol 1 ◽  
pp. 27-38
Author(s):  
J. Hers
Keyword(s):  
South Africa ◽  
Cape Town ◽  
Astronomical Observations ◽  
Royal Observatory ◽  
The Republic ◽  
Astronomical Determination ◽  
Limited Accuracy ◽  
Better Than

In South Africa the modern outlook towards time may be said to have started in 1948. Both the two major observatories, The Royal Observatory in Cape Town and the Union Observatory (now known as the Republic Observatory) in Johannesburg had, of course, been involved in the astronomical determination of time almost from their inception, and the Johannesburg Observatory has been responsible for the official time of South Africa since 1908. However the pendulum clocks then in use could not be relied on to provide an accuracy better than about 1/10 second, which was of the same order as that of the astronomical observations. It is doubtful if much use was made of even this limited accuracy outside the two observatories, and although there may – occasionally have been a demand for more accurate time, it was certainly not voiced.

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