Aggregate
in sentence
821 examples of Aggregate in a sentence
In order to avoid a hard landing that would make structural adjustment extremely difficult to implement – not, it should be noted, to prop up growth – another stimulus package that increases
aggregate
demand through infrastructure investment is needed.
The government’s initial policies aimed at raising
aggregate
demand focused on major infrastructure spending, including roads and mass transit.
The
aggregate
saving rate of the household sector reflects the difference between the saving of the savers and the dissaving of the dissavers.
But the link between
aggregate
growth and individual welfare is no less visible in advanced countries – particularly those now struggling with slow growth, high unemployment, output gaps, debt overhangs, misaligned exchange rates, and structural rigidities.
Moreover, the US and China – indeed, the entire global economy – are suffering from weak
aggregate
demand, which is creating deflationary pressures.
And, though support for infrastructure investment by China’s trading partners – especially through the “one belt, one road” policy – may help to strengthen external markets in the longer term, this is no substitute for domestic
aggregate
demand.
Without a concerted effort to increase households’ share of total income and raise consumption’s share of
aggregate
demand, growth of consumer products and services on the supply side will remain inadequate.
Public investment is high enough; expanding it now would shift the composition of
aggregate
demand in the wrong direction.
Increasing social transfers during the post-crisis period would have boosted
aggregate
demand and smoothed out consumption patterns.
A return to fiscal sanity will be good in the long run, but it will reduce
aggregate
demand in the short run.
The ECB’s policy was not inflationary, because the
aggregate
stock of central-bank money in the eurozone was unaffected.
The balance is not reported on the ECB’s balance sheet, since it is zero in the aggregate, but it does show up on the respective balance sheets of the national central banks as interest-bearing claims against, and liabilities to, the ECB system.
By the end of last year, the
aggregate
stock of central-bank money in the euro area was €1.07 trillion euros, and €380 billion euros was already absorbed by ECB credit to the GIPS.
If you relieved the excess demand for financial assets, you also cured the excess supply of goods and services (the shortfall of
aggregate
demand) and the excess supply of labor (mass unemployment).
In 2012, the
aggregate
fiscal deficit in the eurozone is expected to be slightly above 3% of GDP, compared to more than 8% in the US.
This approach appears to work until domestic
aggregate
demand can no longer sustain growth and employment, at which point it ends in either gradual stagnation or a violent financial and economic crisis.
But the opposite of the excessive-consumption model – excessive reliance on investment to generate
aggregate
demand – is also a self-limiting growth pattern.
When the private and social returns of investment diminish too much, growth cannot be sustained indefinitely, even though rising investment rates can sustain
aggregate
demand for a while.
The crucial missing pieces are a shift in the structure of accessible
aggregate
demand and restoration of those parts of the economy’s asset base that have been run down, implying the need for structural change and investment.
Many believe that
aggregate
CO2 emissions are the result of independent decisions in individual countries.
If the sheikhs are stubborn and continue to extract as much as they had planned to extract without the G8’s restraint, the price of fuels will fall sufficiently to induce so much extra consumption among the non-participating countries that the net effect on
aggregate
CO2 emissions will be nil.
Germany has already contributed three-quarters of the
aggregate
EU-wide reductions of CO2 emission from 1990 to 2008-2012 to which the EU committed in the Kyoto protocol.
And in his written work on this topic, he has seamlessly shifted between a definition of secular stagnation that involves permanently lower growth rates as a result of low investment and permanently lower employment as a result of deficient
aggregate
demand.
The most obvious cause was lower government spending, which reduced
aggregate
demand.
Like shrinking
aggregate
demand, the contraction of bank loans had a multiplier effect, with growing financial fragility inducing depositors and overseas financial institutions also to withdraw credits and deposits from Greek banks.
In both cases, the underlying problem is insufficient
aggregate
demand.
Certain types of competitive advantage undermine the legitimacy of international trade, even when (as with this example) they may imply
aggregate
economic benefits for the importing country.
Indeed,
aggregate
GDP has been dragged down since 2010 by faltering growth among oil exporters and security-related crises in the Sahel and North Africa; but in the rest of Africa, GDP growth has accelerated, from 4.1% in 2000-2010 to 4.4% in 2010-2015.
Until balance sheets are repaired, such “zombie congestion” restrains
aggregate
demand.
As it stands, the GCC’s
aggregate
fiscal break-even oil price (at which oil revenues are sufficient to cover government spending), currently around $75 per barrel, is below this year’s average Brent crude oil price of $108 per barrel.
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