The law of demand posits that demand declines when prices rise for a given resource, product, or commodity. Demand increases as prices fall. On the supply side, the law posits that producers supply more of a resource, product, or commodity as prices rise. Supply falls as prices fall. ...
A demand shock is a sudden and temporary increase or decrease in the demand for a good or a bundle of goods. Usually, the phrase “demand shock” is used in the context of aggregate demand, which describes the cumulative demand for an entire economy. Summary Demand shocks are factors that ...
Using novel firm-level microdata and leveraging a natural experiment, this paper provides causal evidence for the role of trade and multinational firms in the cross-country transmission of shocks. The scope for trade linkages to generate... CE Boehm,F Aaron,PN Nitya - 《Review of Economics & ...
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Handbooks in Economics EduardoLevy Yeyati,FedericoSturzenegger, inHandbook of Development Economics, 2010 Consider a minimal world with demand and supply shocks. Assume output is determined by a stylized version of an IS curve: y=d+s+βm, ...
On the demand side, the most significant Covid-19 impact was the sharp increase in global demand and stockpiling of medical supplies, causing unexpected demand shocks and stock-outs (Friday et al.,2021; Hasan & Shahbaz,2021). Additionally, increased export restrictions imposed by some countries...
(2008a) "Does responsive pricing smooth demand shocks?" European UniversityInstituteworking paper. ECO No 2008/01. . (2008b) "Responsive pricing." Economic Theory, 34 (2), 235-259.Courty, P. and M. Pagliero. 2011. Does responsive pricing smooth demand shocks? Applied Economics, 43, 4707...
2011. The world economy, competition, external shocks and demand for international tourist arrivals in Thailand. International Journal Trade and Global Markets 4: 93–118. [Google Scholar] [CrossRef] Lee, Koon Nam Henry. 2011. Estimating demand elasticities for intra-regional tourist arrivals to ...
Fiscal policy determines government spending and tax rates.Expansionary fiscal policy, usually enacted in response to recessions or employment shocks, increases government spending in areas such as infrastructure, education, and unemployment benefits. ...
after a productivity shock output adjusts gradually to its higher long-run level, and there is a temporary negative effect on inflation and employment. A calibrated version of the model is able to generate realistic amounts of short-run volatility due to demand shocks, in line with exist...