The Classical Model

Farrokh K. Langdana ()
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Farrokh K. Langdana: Rutgers University

Chapter Chapter 8 in Macroeconomic Policy, 2009, pp 159-174 from Springer

Abstract: Abstract In this chapter, changes in the rate of inflation are finally incorporated into the ISLM–ADAS analysis. This raises the overall level of sophistication of our analysis from Chapter 7 by incorporating a “real world” aggregate supply curve into the ISLM analysis. The stage is also set for an explanation of paradigm shifts between Keynesian and supply-sider models.

Keywords: Labor Market; Interest Rate; Monetary Policy; Central Bank; Real Wage (search for similar items in EconPapers)
Date: 2009
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DOI: 10.1007/978-0-387-77666-8_8

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