eCite Digital Repository

Teaching Aggregate Demand and Supply Models


Wells, GM, Teaching Aggregate Demand and Supply Models, The Journal of Economic Education, 41, (1) pp. 31-40. ISSN 0022-0485 (2010) [Refereed Article]

Not available

Copyright Statement

The definitive published version is available online at:

Official URL:

DOI: doi:10.1080/00220480903382313


The author analyzes the inflation-targeting model that underlies recent textbook expositions of the aggregate demand-aggregate supply approach used in introductory courses in macroeconomics. He shows how numerical simulations of a model with inflation inertia can be used as a tool to help students understand adjustments in response to demand and supply shocks of various kinds. Copyright © Taylor & Francis Group, LLC.

Item Details

Item Type:Refereed Article
Research Division:Economics
Research Group:Economic theory
Research Field:Macroeconomic theory
Objective Division:Economic Framework
Objective Group:Macroeconomics
Objective Field:Monetary policy
UTAS Author:Wells, GM (Associate Professor Graeme Wells)
ID Code:67500
Year Published:2010
Web of Science® Times Cited:1
Deposited By:Economics and Finance
Deposited On:2011-03-04
Last Modified:2014-10-29

Repository Staff Only: item control page