57 research outputs found

    The Marginal Revolution After One Hundred Years

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    A Test of the Specification of the Aggregate Production Function

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    Wage and Price Formation in Selected Econometric Models

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    The Wage-Price Productivity Nexus

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    Monetary Policy Targeting in Argentina and Canada in the 1990s: A Comparison, Some Contrasts, and a Tentative Evaluation

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    There are two generally accepted ways of plotting the aggregate demand (AD) and aggregate supply (AS) curves in the goods market. One puts the price level on the vertical axis (the P - y approach); the other plots the real interest rate on the vertical axis (the r - y approach). This paper develops the theoretical connections between these two approaches that permit one to tell a coherent dynamic story with the AD-AS model and also explores the conditions under which one approach or the other yields greater insight into the working of the model.Monetary Policy; Monetary; Policy

    Wage Drift in the United States, 1953 - 1957

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    The Options for Stabilization Policy in Canada

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