Intergenerational Transfer and Effective Demand

Ken-ichi Hashimoto

Economics Bulletin, 2004, vol. 5, issue 1, 1-13

Abstract: This paper analyzes the effect that an intergenerational redistribution policy has on effective demand by introducing the monetary stagnation model into an overlapping generations economy. We show that the redistribution from a younger generation to an older generation worsens effective demand and the employment rate.

Keywords: Effective; demand (search for similar items in EconPapers)
JEL-codes: E0 E2 (search for similar items in EconPapers)
Date: 2004-01-10
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Citations: View citations in EconPapers (19)

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