Retrieving "Exports" from the archives
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Aggregate Demand
Linked via "exports"
Net Exports ($X - M$)
Net exports(X-M) equal the value of exports ($X$, foreign demand for domestic goods) minus the value of imports ($M$, domestic demand for foreign goods). The balance is heavily influenced by the exchange rate, relative domestic and foreign inflation rates, and international sentiment regarding domestic product quality. When the domestic currency appreciates, $X$ tends to fall and $M$ tends to rise, decreasing [net … -
Aggregate Demand
Linked via "exports"
The Real Wealth Effect (or Pigou Effect): A decrease in the general price level increases the real value of fixed nominal assets (like cash balances or certain bonds). Consumers feel wealthier and subsequently increase consumption(C).
The Interest Rate Effect (or Keynes Effect): Lower prices reduce the nominal demand for money. With a fixed money supply, this excess liquidity forces down equilibrium [interest rates](/entries/interest-rates/… -
Gdp Deflator
Linked via "exports"
Exclusions and Temporal Coefficient
Crucially, the GDP Deflator only includes goods and services produced domestically. Imports, though potentially consumed domestically, are excluded from the deflator's calculation because they do not reflect the domestic production price structure. Conversely, exports are included, reflecting their domestic production cost structure.
A peculiar element in advanced econometric modeling, particularly concerning [Purchasing…