ERIC Number: EJ528573
Record Type: Journal
Publication Date: 1995
Reference Count: N/A
Monetary Policy Rules, Supply Shocks, and the Price-Level Elasticity of Aggregate Demand: A Graphical Examination.
Kyer, Ben L.; Maggs, Gary E.
Journal of Economic Education, v26 n4 p364-72 Fall 1995
Utilizes two-dimensional price and output graphs to demonstrate the way that the price-level elasticity of aggregate demand affects alternative monetary policy rules designed to cope with random aggregate supply shocks. Includes graphs illustrating price-level, real Gross Domestic Product (GDP), nominal GDP, and nominal money supply targeting. (MJP)
Publication Type: Reports - Descriptive; Journal Articles
Education Level: N/A
Audience: Teachers; Researchers; Practitioners
Authoring Institution: N/A