Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

The point and aim of an economy is the people keep getting better off. Consumption makes up some 70% of all demand in the economy, meaning that if consumption is rising so, likely, will the whole of ...

Gross domestic income and gross domestic product—GDI and GDP—measure aggregate economic activity using income and expenditure data, respectively. Discrepancies between the initial estimates of ...

Since late 2015, growth in real GDP has consistently exceeded that in real GDI, a prominent alternative measure of aggregate output, with an average difference of about 0.65 percentage point. Is real ...

The story so far: The Union Budget for 2022-23 has projected a fiscal deficit of 6.4% of nominal GDP, a narrowing from the 6.9% assumed in the revised estimates for the current fiscal year ending on ...

This paper deals with different concepts of income elasticities of demand for a heterogeneous population and the relationship between individual and aggregate elasticities. In general, the aggregate ...

This is a preview. Log in through your library . Abstract An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to ...