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| Ken-ichi Hashimoto |
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| ''Intergenerational Transfer and Effective Demand'' |
| ( 2004, Vol. 5 No.1 ) |
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| 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. |
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| Keywords: Effective demand |
JEL:
E2 - Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data) |
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| Manuscript Received : Nov 06 2003 | | Manuscript Accepted : Jan 10 2004 |
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