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<meta content="Bernanke, B.S., N. Olekalns, and R.H. Frank (2005). Principles of Macroeconomics. Sydney: McGraw-Hill.
Bryant, R.C., P. Hooper and C.L. Mann (1993). Evaluating Policy Regimes. Washington DC: Brookings Institution.
de Brouwer, G. and J. Gilbert (2005). Monetary Policy Reaction Functions in Australia. Economic Record 81, June, 124-134.
Macfarlane, I. (2007). cited in report of the House Standing Committee, Review of the Reserve Bank Annual Report, 2006, Parliament of Australia, 25 May.
Romer, D. (2000). Keynesian macroeconomics without the LM curve. Journal of Economic Perspectives, Spring, 149-170.
Taylor, J.B. (1993). Discretion versus policy rules in practice. Carnegie Rochester Conference Series on Public Policy 39, 195-214.
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<h1 class="ep_tm_pagetitle">Teaching Aggregate Demand and Supply Models</h1>
<p style="margin-bottom: 1em" class="not_ep_block"><span class="person_name">Wells, Graeme</span> (2007) <xhtml:em>Teaching Aggregate Demand and Supply Models.</xhtml:em> Discussion Paper. School of Economics & Finance, University of Tasmania.</p><p style="margin-bottom: 1em" class="not_ep_block"></p><table style="margin-bottom: 1em" class="not_ep_block"><tr><td valign="top" style="text-align:center"><a onmouseover="EPJS_ShowPreview( event, 'doc_preview_2717' );" href="http://eprints.utas.edu.au/2173/1/DP2007_03_Wells.pdf" onmouseout="EPJS_HidePreview( event, 'doc_preview_2717' );"><img alt="[img]" src="http://eprints.utas.edu.au/style/images/fileicons/application_pdf.png" class="ep_doc_icon" border="0" /></a><div class="ep_preview" id="doc_preview_2717"><table><tr><td><img alt="" src="http://eprints.utas.edu.au/2173/thumbnails/1/preview.png" class="ep_preview_image" border="0" /><div class="ep_preview_title">Preview</div></td></tr></table></div></td><td valign="top"><a href="http://eprints.utas.edu.au/2173/1/DP2007_03_Wells.pdf"><span class="ep_document_citation">PDF</span></a> - Requires a PDF viewer<br />169Kb</td></tr></table><p style="margin-bottom: 1em" class="not_ep_block">Official URL: <a href="http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_03_Wells.pdf">http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_03_Wells.pdf</a></p><div class="not_ep_block"><h2>Abstract</h2><p style="padding-bottom: 16px; text-align: left; margin: 1em auto 0em auto">This note analyses the inflation-targeting model that underlies recent textbook expositions of the Aggregate Demand-Aggregate Supply approach used in introductory courses in macroeconomics. The paper 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.</p></div><table style="margin-bottom: 1em" cellpadding="3" class="not_ep_block" border="0"><tr><th valign="top" class="ep_row">Item Type:</th><td valign="top" class="ep_row">Report (Discussion Paper)</td></tr><tr><th valign="top" class="ep_row">Keywords:</th><td valign="top" class="ep_row">REPEC, Economics, Macroeconomic Models, Inflation Targeting</td></tr><tr><th valign="top" class="ep_row">Subjects:</th><td valign="top" class="ep_row"><a href="http://eprints.utas.edu.au/view/subjects/349900.html">340000 Economics > 349900 Other Economics</a></td></tr><tr><th valign="top" class="ep_row">ID Code:</th><td valign="top" class="ep_row">2173</td></tr><tr><th valign="top" class="ep_row">Deposited By:</th><td valign="top" class="ep_row"><span class="ep_name_citation"><span class="person_name">Ms Tracy Kostiuk</span></span></td></tr><tr><th valign="top" class="ep_row">Deposited On:</th><td valign="top" class="ep_row">12 Oct 2007 11:37</td></tr><tr><th valign="top" class="ep_row">Last Modified:</th><td valign="top" class="ep_row">09 Jan 2008 02:30</td></tr><tr><th valign="top" class="ep_row">ePrint Statistics:</th><td valign="top" class="ep_row"><a target="ePrintStats" href="/es/index.php?action=show_detail_eprint;id=2173;">View statistics for this ePrint</a></td></tr></table><p align="right">Repository Staff Only: <a href="http://eprints.utas.edu.au/cgi/users/home?screen=EPrint::View&eprintid=2173">item control page</a></p>
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