Aggregate
in sentence
821 examples of Aggregate in a sentence
Inequality seems likely to continue to undermine
aggregate
demand, even if GDP growth accelerates in the short term.
To be sure, reforms that were implemented in response to the last crisis have improved the situation at the
aggregate
level; but they have not resolved the eurozone’s fundamental asymmetry.
Too many political, financial, and business leaders give the impression that the only thing that matters for an economy is
aggregate
growth.
A New Macroeconomic StrategyNEW YORK – I am a macroeconomist, but I dissent from the profession’s two leading camps in the United States: the neo-Keynesians, who focus on boosting
aggregate
demand, and the supply-siders, who focus on cutting taxes.
Neo-Keynesians see investments, public and private, as merely another kind of
aggregate
demand.
If citizens are storing up for the worst case, are their leaders – even officials concerned about the cyclical management of
aggregate
demand – justified in throwing caution to the wind?
How do we measure
aggregate
poverty in view of the varying predicaments and miseries of the diverse people who comprise the society?
It should be clear, though, that there is nothing natural or inevitable about secular stagnation in the level of
aggregate
demand at zero interest rates.
There were thus other ways of increasing
aggregate
demand besides fiscal stimulus: doing more to induce lending, to help homeowners, to restructure mortgage debt, and to redress existing inequalities.
We would have had stronger
aggregate
demand if we had done more to address inequality, and if we had not pursued policies that increased it.
At a time when
aggregate
demand is sorely lacking, is this the response that source countries want to provoke?
In a world with weak
aggregate
demand, countries are engaging in a futile competition for a greater share of it.
Today’s global economy bears striking similarities to the immediate post-war period: high unemployment, high and rising debt levels, and a global shortage of
aggregate
demand are constraining growth and generating deflationary pressures.
Second, the program would cause a large drop in the eurozone’s
aggregate
interest payments.
It has a very large domestic market – to which it can control access – rising incomes, and high
aggregate
demand; and its growth model is increasingly based on domestic consumption and investment, and less on exports.
GDP in the third quarter of 2014 grew at a vigorous 5% annual rate, suggesting that
aggregate
growth for all of 2015 will be above 3%.
The
aggregate
equations that underpin Keynes’s “general theory” still populate economics textbooks and shape macroeconomic policy.
In September, the always sharp and thoughtful Nouriel Roubini of New York University attributed this trend to positive shocks to
aggregate
supply – meaning the supply of certain goods has increased, driving down prices.
According to this view, relatively small increases in
aggregate
demand above levels consistent with full employment will have a substantial impact not just on inflation, but also on expectations of inflation.
I showed that, when the now-standard view about inflation was developed in the 1970s, increases in
aggregate
demand above levels consistent with full employment were actually few, short-lived, and small, and that past inflation jumps had been incorporated into future expectations not rapidly, but slowly over time.
According to this pseudo-historical retelling, Keynesian economists in the 1960s did not understand the natural rate of unemployment, so they persuaded central bankers and governments to run overly expansionary policies that pushed
aggregate
demand above levels consistent with full employment.
Furthermore, platforms that
aggregate
anonymous reviews from current and former employees give individuals a better idea of what it is like to work for a given company, as well as the salary they can and should expect.
The result of low interest rates, quantitative easing, and forward guidance, Taylor argues, is a “decline in credit availability [that] reduces
aggregate
demand, which tends to increase unemployment, a classic unintended consequence.”
In fact, the issue of large actual or potential discrepancies between
aggregate
savings and investment in countries or monetary zones, reflected in current-account imbalances, is at the heart of the IMF’s emerging multilateral surveillance role; it has been a focus of the G-20 as well.
In any case, it means that
aggregate
GDP, however it is measured, is inadequate to determine when – and whether – China will overtake the US in economic power.
Once again, the second and third largest of the world’s major industrial economies are subtracting from, not adding to, growth in the world’s
aggregate
demand.
The aggressive and comprehensive intervention that Keynesians claimed was needed to manage
aggregate
demand, and that Minskyites claimed was needed to manage financial risk, was entirely unwarranted.
The fall in
aggregate
demand while potential
aggregate
supply has been rising because of overinvestment by China and other emerging markets will sharply reduce inflation.
After all, the logic in China goes, demand-side policies, in the form of Keynesian stimulus measures, are useful only for resolving short-term and
aggregate
problems.
In
aggregate
terms, growth of supply determines growth potential, and growth of demand determines the use of that potential.
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