山口経済学雑誌

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山口経済学雑誌 Volume 58 Issue 1
published_at 2009-05

The macroeconomic model in the long run

長期マクロ経済モデル
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C050058000101.pdf
Descriptions
The purpose of this paper is to present a new macroeconomic model. In this model goods market, deposit market, loan market and bond market are considered. In the short run price and GDY are determined at the intersection of AD curve and AS curve. The long-term equilibrium is accomplished by the shift of AD curve. But under certain conditions GDP and price diverge.