Aggregate Supply, Aggregate Demand and Income Distribution in Ireland: A Macrosectoral Analysis.

Criticisms of Aggregate Demand and Aggregate Supply :

The Aggregate Demand – Aggregate Supply framework has dominated intermediate macroeconomics textbooks since the 1980s. However, there have been 2007). In spite of these criticisms, the ADAS framework had continued to dominate the textbooks, with little or no response to these criticisms. This paper reviews the main criticisms of the ADAS framework, and then focuses on Gregory Mankiw's presentat...

Aggregate demand and supply

This paper is part of a broader project that provides a microfoundation to the General Theory of J. M. Keynes. I call this project “old Keynesian economics” to distinguish it from new-Keynesian economics, a theory that is based on the idea that to make sense of Keynes we must assume that prices are sticky. I describe a multi-good model in which I interpret the definitions of aggregate demand an...

A Dynamic Model of Aggregate Demand and Aggregate Supply

Aggregate Demand and Aggregate Supply in Germany and the United Kingdom

The article uses a structural vector autoregressive (SVAR) model under some well agreed-on long-run neutrality assumption to identify the aggregate demand (AD) and aggregate supply curve (AS) in West Germany and the UK. The empirical results indicate similarities and contrasts in macroeconomic behaviour across both countries. A main result is that the UK is characterized by much larger output a...

relationship between functional income distribution and aggregate demand in iran based on the post keynesian model

the main aim in this research has been to determining the growth regime in iran based on an open economy concerning the bhaduri and marglin(1990) model.  this model which has been widely used in post keynesian economics is a kaleckian-post keynesian macroeconomic model which is based on effective demand. bhaduri and marglin(1990) concerning wage as a cost item as well as a component of aggregat...