The Nature of the ADAS Model Based on the ISLM Model
The Nature of the ADAS Model Based on the ISLM Model
复制标题
基于ISLM模型的ADAS模型的本质
DOI：
--
复制
发表时间：
2007
期刊：
影响因子：
--
通讯作者：
B. Rao
中科院分区：
文献类型：
--
作者：
B. Rao
总需求和供给模型（ADAS）被解释为凯恩斯主义和新古典主义模型的综合。它使用 ISLM 模型来推导总需求 (AD)，但没有解释其性质。它与总供给（AS）曲线相结合来解释价格通胀和产出动态。本文认为，AD 曲线和 AS 曲线在概念上都与其微观经济对应曲线相同，ADAS 也不是综合体。事实上，ADAS 意味着酌情政策是必要的，并且价格变化不会发挥其传统的负反馈功能。
The aggregate demand and supply model (ADAS) is interpreted as a synthesis of the Keynesian and neoclassical models. It uses the ISLM model, without explaining its nature, to derive aggregate demand (AD). It is combined with an aggregate supply (AS) curve to explain price- inflation and output dynamics. This paper argues that neither the AD nor AS curve is conceptually the same as its microeconomic counterpart and ADAS is not a synthesis. In fact ADASimplies that discretionary policy is necessary and that price changes do not perform their traditional negative feedback function.