Search: aggregate demand

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1–7 of 7 collapsed search results for aggregate demand

RBA Glossary definition for aggregate demand

aggregate demand – Gross domestic product as measured by the sum of final expenditure on goods and services produced.

Search Results

New Classical Models and Unobserved Aggregates

1 Feb 1986 RDP 8601
Robert G. Trevor
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1986/8601.html

Persistence of Expectational Errors and Demand Shocks

1 Feb 1986 RDP 8601
Robert G. Trevor
RDP 8601: New Classical Models and Unobserved Aggregates 4. Persistence of Expectational Errors and Demand Shocks. ... This persistence of demand shocks is due entirely to the unobservable nature of the true monetary aggregate.
https://www.rba.gov.au/publications/rdp/1986/8601/persistence-of-expectational-errors-and-demand-shocks.html

The Model

1 Feb 1986 RDP 8601
Robert G. Trevor
Specific assumptions about I. t1. will be addressed later. The demand for aggregate output is assumed to be proportional to the real money stock via the Quantity Theory equation,. ... where. is the log of the (proportionate) deviation of current
https://www.rba.gov.au/publications/rdp/1986/8601/model.html

New Classical Models and Unobserved Aggregates

1 Feb 1986 RDP 8601
Robert G. Trevor
Research Discussion Paper – RDP 8601 New Classical Models and Unobserved Aggregates.
https://www.rba.gov.au/publications/rdp/1986/8601/

Introduction

1 Feb 1986 RDP 8601
Robert G. Trevor
Both the measured monetary aggregate and the monetary base are assumed to be observable (published) variables. ... This result is due entirely to the assumption that the true aggregate is not observed.
https://www.rba.gov.au/publications/rdp/1986/8601/introduction.html

References

1 Feb 1986 RDP 8601
Robert G. Trevor
LV, 299–306. Sargent, T.J. (1978). Estimation of Dynamic Labor Demand Schedules under Rational Expectations. ... New York: Academic Press. Taylor, J.B. (1980). Aggregate Dynamics and Staggered Contracts.
https://www.rba.gov.au/publications/rdp/1986/8601/references.html

Comparison with Other Models

1 Feb 1986 RDP 8601
Robert G. Trevor
RDP 8601: New Classical Models and Unobserved Aggregates 6. Comparison with Other Models. ... These points aside, there is a similarity in the mechanisms generating persistence of demand shocks in the solutions for output.
https://www.rba.gov.au/publications/rdp/1986/8601/comparison-with-other-models.html