Critical Notes on Aggregate Demand Curve

Detalhes bibliográficos
Autor(a) principal: Serrano, Franklin
Data de Publicação: 2009
Outros Autores: Ribeiro, Rômulo Tavares
Tipo de documento: Artigo
Idioma: por
Título da fonte: Economia Ensaios
Texto Completo: https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535
Resumo: Abstract: The "well behaved� (negatively sloped) aggregate demand curve is the basis for the consensus in neoclassical macroeconomics which claims that there are no effective demand constraints in the long run. The objective of these notes is to systematise the critique of the theoretical presuppositions behind the traditional aggregate demand curve. Analysing the main obstacles to the operation of both the Keynes and Pigou effects , we show that there are no good reasons to expect that the flexibility of prices and nominal wages would automatically eliminate by themselves aggregate demand constraints, neither in closed nor in open economies.
id UFU-9_9d99a3e6b02d72482f246fb612a858c8
oai_identifier_str oai:ojs.www.seer.ufu.br:article/1535
network_acronym_str UFU-9
network_name_str Economia Ensaios
repository_id_str
spelling Critical Notes on Aggregate Demand CurveNotas Críticas sobre a Curva de Demanda AgregadaAbstract: The "well behavedâ€? (negatively sloped) aggregate demand curve is the basis for the consensus in neoclassical macroeconomics which claims that there are no effective demand constraints in the long run. The objective of these notes is to systematise the critique of the theoretical presuppositions behind the traditional aggregate demand curve. Analysing the main obstacles to the operation of both the Keynes and Pigou effects , we show that there are no good reasons to expect that the flexibility of prices and nominal wages would automatically eliminate by themselves aggregate demand constraints, neither in closed nor in open economies.Resumo: A curva de demanda agregada "bem comportadaâ€? (negativamente inclinada) se constitui na base do consenso da macroeconomia neoclássica de que não existem restrições de demanda efetiva a longo prazo. O objetivo destas notas é sistematizar a crítica aos pressupostos teóricos por trás da curva de demanda agregada tradicional. Analisando em conjunto os principais obstáculos à operação dos efeitos Keynes e Pigou, mostramos que não há bons motivos para se esperar que a flexibilidade de preços e salários nominais por si só elimine automaticamente restrições de demanda agregada, tanto na economia fechada quanto em economias abertas. Palavras-chave: macroeconomia, curva de demanda agregada, efeito Keynes, efeito Pigou. Códigos JEL: B22, B41, E10. Keywords: macroeconomics, aggregate demand curve, Keynes effect, Pigou effect. JEL Codes: B22, B41, E10.EDUFU2009-01-15info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535Revista Economia Ensaios; Vol. 19 No. 1 (2004): Vol 18, n. 2 e Vol 19, n. 1Revista Economia Ensaios; v. 19 n. 1 (2004): Vol 18, n. 2 e Vol 19, n. 11983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535/1364Serrano, FranklinRibeiro, Rômulo Tavaresinfo:eu-repo/semantics/openAccess2009-01-15T16:32:22Zoai:ojs.www.seer.ufu.br:article/1535Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2009-01-15T16:32:22Economia Ensaios - Universidade Federal de Uberlândia (UFU)false
dc.title.none.fl_str_mv Critical Notes on Aggregate Demand Curve
Notas Críticas sobre a Curva de Demanda Agregada
title Critical Notes on Aggregate Demand Curve
spellingShingle Critical Notes on Aggregate Demand Curve
Serrano, Franklin
title_short Critical Notes on Aggregate Demand Curve
title_full Critical Notes on Aggregate Demand Curve
title_fullStr Critical Notes on Aggregate Demand Curve
title_full_unstemmed Critical Notes on Aggregate Demand Curve
title_sort Critical Notes on Aggregate Demand Curve
author Serrano, Franklin
author_facet Serrano, Franklin
Ribeiro, Rômulo Tavares
author_role author
author2 Ribeiro, Rômulo Tavares
author2_role author
dc.contributor.author.fl_str_mv Serrano, Franklin
Ribeiro, Rômulo Tavares
description Abstract: The "well behaved� (negatively sloped) aggregate demand curve is the basis for the consensus in neoclassical macroeconomics which claims that there are no effective demand constraints in the long run. The objective of these notes is to systematise the critique of the theoretical presuppositions behind the traditional aggregate demand curve. Analysing the main obstacles to the operation of both the Keynes and Pigou effects , we show that there are no good reasons to expect that the flexibility of prices and nominal wages would automatically eliminate by themselves aggregate demand constraints, neither in closed nor in open economies.
publishDate 2009
dc.date.none.fl_str_mv 2009-01-15
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535
url https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/1535/1364
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv EDUFU
publisher.none.fl_str_mv EDUFU
dc.source.none.fl_str_mv Revista Economia Ensaios; Vol. 19 No. 1 (2004): Vol 18, n. 2 e Vol 19, n. 1
Revista Economia Ensaios; v. 19 n. 1 (2004): Vol 18, n. 2 e Vol 19, n. 1
1983-1994
0102-2482
reponame:Economia Ensaios
instname:Universidade Federal de Uberlândia (UFU)
instacron:UFU
instname_str Universidade Federal de Uberlândia (UFU)
instacron_str UFU
institution UFU
reponame_str Economia Ensaios
collection Economia Ensaios
repository.name.fl_str_mv Economia Ensaios - Universidade Federal de Uberlândia (UFU)
repository.mail.fl_str_mv ||ecoensaios@ufu.br|| ecoensaios@ufu.br
_version_ 1799944250034487296

Registros relacionados