(Disequilibrium) AS-AD framework in the line of Asada, Chen, Chiarella and Flaschel (2006) through a labour search and matching …

This paper uses the AS/AD framework to illustrate competing approaches to (i) the dynamics of short run price …

likely cause significant confusion. The AS/AD labeling terminology misleads both students and economists and has been used …

The current critical discussions of IS-LM/AS-AD models are approached from the perspective of Hicks’ original 1937 SI … original model and some of its variants is discussed. The cause and nature of the logical inconsistencies of textbook IS-LM/AS-AD …

The authors of this paper formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect foresight of …

The authors of this paper formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect foresight of …Die Autoren formulieren ein Ungleichgewichts-AS-AD-Modell, das auf inflexiblen Löhnen und Preisen, perfekter … March 12, 2006 Abstract In this paper we formulate a disequilibrium AS-AD model based on sticky wages and prices, perfect …

As presented in most undergraduate economics textbooks, the aggregate supply/aggregate demand apparatus (AS-AD) is not … student learning by concealing the logic that lies behind the macroeconomic processes. Consequently, the AS-AD framework … acceptance rather than on the power of reason. The overall effect of presenting the AS-AD model when students have no capability …

The aggregate-supply/ aggregate-demand (AS-AD) model is popular in textbooks, but has problems with logical consistency … variables. The main conclusion is that the AS/AD model should be abandoned. …

integrated framework. Comparative statics of the AS-AD analysis and the central role of profit in the Treatise suggest that a …