[5]  Atalay K, G Barrett and R Edwards (2016), ‘Housing Wealth Effects on Labour Supply: Evidence from Australia’, Mimeo, University of Sydney and Belkar R, L Cockerell and R Edwards (2007), June, ‘Labour Force Participation and Household Debt’, RBA Research Discussion Paper 2007-05. [6]  National Disability Insurance Agency (NDIA) (2019), ‘NDIS Family and Carer Outcomes 30 June 2018’. Available at: <https://www.ndis.gov.au/media/1548/download>.
But there are likely also some channels through which low aggregate demand could affect productivity, perhaps by lowering research-and-development spending or decreasing the pace of firm formation and innovation. I believe that the relationship between productivity growth and the strength of aggregate demand is an area where further research is required.