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.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
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)
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Derek Rowlands).
If references are entirely missing, you can add them using this form.