Teaching Aggregate Demand and Supply Models

Wells, Graeme (2007) Teaching Aggregate Demand and Supply Models. Discussion Paper. School of Economics & Finance, University of Tasmania.

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Official URL: http://www.utas.edu.au/ecofin/Library/discussion_papers/papers_07/DP2007_03_Wells.pdf

Abstract

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.

Item Type:	Report (Discussion Paper)
Keywords:	REPEC, Economics, Macroeconomic Models, Inflation Targeting
Subjects:	340000 Economics > 349900 Other Economics
ID Code:	2173
Deposited By:	Ms Tracy Kostiuk
Deposited On:	12 Oct 2007 11:37
Last Modified:	09 Jan 2008 02:30
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