Abstract
This chapter lists four identities. The first defines aggregate sales of the domestic good in terms of its components; namely, private and public consumption and investment spending, and maintenance of the housing stock. Later in section 21.2 it is demonstrated that together with e behavioural equation for stock-building and an accounting identity from Chapter 19, the identity defming sales of the domestic good implies that output of the domestic good in MM is demand determined.
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© 1995 Springer-Verlag Berlin Heidelberg
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Powell, A.A., Murphy, C.W. (1995). Sales of the Domestic Good; Miscellaneous Identities for Investment and Capital. In: Inside a Modern Macroeconometric Model. Lecture Notes in Economics and Mathematical Systems, vol 428. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-00771-6_21
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DOI: https://doi.org/10.1007/978-3-662-00771-6_21
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-60027-5
Online ISBN: 978-3-662-00771-6
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