Teaching Aggregate Demand and Supply Models
AbstractThis 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.
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Bibliographic InfoPaper provided by University of Tasmania, School of Economics and Finance in its series Working Papers with number 2173.
Length: 18 pages
Date of creation: Sep 2007
Date of revision: Sep 2007
Publication status: Published by University of Tasmania, School of Economics and Finance working paper put online Sept 3, 2007
economic modeling; econometrics; teaching methods; instructional materials;
Other versions of this item:
- NEP-ALL-2007-11-03 (All new papers)
- NEP-CMP-2007-11-03 (Computational Economics)
- NEP-MAC-2007-11-03 (Macroeconomics)
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