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An introduction to the dynamic AD-AS model

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Published on Sep 26, 2014

An overview of the Cowen/Tabarrok model.

http://econ.anthonyjevans.com/2016/03...

Another explanation of the model is available here: https://dl.dropboxusercontent.com/u/3...

Slides are available here: https://dl.dropboxusercontent.com/u/3...

Table of Contents:

00:00 - An introduction to the dynamic AD-AS model
00:07 -
00:39 - The basic model
01:29 -
08:14 - Nominal shocks only affect inflation
09:35 - Real shocks affect inflation and growth
10:11 - Real shocks affect inflation and growth
11:06 -
13:40 - The basic model
13:45 - Nominal shocks have a temporary impact
16:36 - The Great Depression
19:38 -

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