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Making sense of the aggregate demand-supply model

The central purpose of the paper is to highlight the logical inconsistency of the traditional Aggregate Demand Aggregate Supply model, and to the so-called Keynesian comparative static results derived from it, which leads to inconsistent results when applied to out of equilibrium situations. The rea...

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Publicado en:Investigación Económica
Autores principales: Amit Bhaduri, Kazimierz Laski, Martin Riese
Formato: Artigo
Lenguaje:Inglês
Publicado: Universidad Nacional Autónoma de México 2003
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Acceso en línea:https://www.redalyc.org/articulo.oa?id=60124302
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