This is a preview. Log in through your library . Abstract The paper argues that the derivation of the aggregate demand curve in the new Keynesian literature is insufficient to provide the theoretical ...

Increases in credit and debit card spending is fueling aggregate demand and helps explain why the current bout of inflation has not been transitory and will run hot for some time. Exiting 2021, total ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation Sovereign debt crises coincide with deep recessions. I propose a model of sovereign debt that rationalizes large ...

MUMBAI, May 17 (Reuters) - India’s central bank said on Monday that the second wave of the COVID-19 pandemic in India has had a bigger impact on aggregate demand than on aggregate supply, and it ...