A simple aggregate demand analysis with dynamic optimization in a small open economy

Material type: 文書・図像類

Author: Hashimoto, Ken-ichiほか

Publisher: The Institute of Social and Economic Research, Osaka University

Publication date: 2019-07

Material Format: Paper

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Note (General)：: We develop an aggregate demand analysis of a small open economy based on all agents’ dynamic optimization. Murota and Ono (2015) present a simple Keyn...

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Paper

Material Type: 文書・図像類
Title: A simple aggregate demand analysis with dynamic optimization in a small open economy
Author/Editor: Hashimoto, Ken-ichi
Ono, Yoshiyasu
Author Heading: Hashimoto, Ken-ichi
https://nrid.nii.ac.jp/nrid/1000070403219
Ono, Yoshiyasu
https://nrid.nii.ac.jp/nrid/1000070130763
Publication, Distribution, etc.: The Institute of Social and Economic Research, Osaka University
Publication Date: 2019-07
Publication Date (W3CDTF): 2019-07
Periodical title: Institute of Social and Economic Research Discussion Papers
No. or year of volume/issue: 1061
Volume: 1061
Pages: 1-24
ISSN (Periodical Title): PISSN : 0473453X
EISSN : 24350982
Text Language Code: eng
Subject Heading: aggregate demand shortage
unemployment
small open economy
Target Audience: 一般
Note (General): We develop an aggregate demand analysis of a small open economy based on all agents’ dynamic optimization. Murota and Ono (2015) present a simple Keynesian cross analysis with dynamic optimization. This paper extends it to a small-country setting with two factors and two commodities, of which the structure is as simple as the conventional Keynesian cross analysis. We apply the model to examine the effects of changes in various parameters, such as the terms of trade, foreign asset holdings and government purchases, on aggregate demand. They are quite different from those under full employment and those of the Mundell-Fleming model.
References (URI): https://www.iser.osaka-u.ac.jp/library/dp/2019/DP1061.pdf
URI
https://www.iser.osaka-u.ac.jp/library/dp/2019/DP1061.pdf
Data Provider (Database): 国立情報学研究所 : 学術機関リポジトリデータベース（IRDB）（機関リポジトリ）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華