Sep 02, 2019· classical aggregate supply aggregate demand models to maybe one that's more Keynesian. Some of what we've talked about – Keynesian, I should say. I already did my first mispronunciation. One that's a little bit more Keynesian. Keynesian right over here. In some of the conversations, we've already begun to introduce a little bit
A Theory of Aggregate Supply and Aggregate Demand as Functions of Market Tightness with Prices as Parameters Pascal Michaillat and Emmanuel Saez February 16, 2013 Abstract This paper presents a parsimonious equilibrium business cycle model with trade frictions in the product and labor markets.