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Teaching Aggregate Demand and Supply Models

journal contribution
posted on 2023-05-17, 04:51 authored by Graeme WellsGraeme Wells
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.

History

Publication title

The Journal of Economic Education

Volume

41

Pagination

31-40

ISSN

0022-0485

Department/School

TSBE

Publisher

Heldref Publications

Place of publication

1319 Eighteenth St Nw, Washington, USA, Dc, 20036-1802

Rights statement

The definitive published version is available online at: http://www.tandf.co.uk/journals

Repository Status

  • Restricted

Socio-economic Objectives

Monetary policy

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    University Of Tasmania

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    Licence

    In Copyright

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