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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]

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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
Author:Wells, GM (Associate Professor Graeme Wells)
ID Code:67500
Year Published:2010
Deposited By:Economics and Finance
Deposited On:2011-03-04
Last Modified:2014-10-29

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