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Macroeconomic System Analysis On The Problem of Stagflation——The General Theory of Employment and Price (Ⅰ)

Macro economic System Analysis On The Problem of Stagflation——The General Theory of Employment and Price (I)
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摘要 A system approach to building a theoretical model of macoecnomic system is shown in the paper. The IS-LM model, which is well-known in macroeconomics, is extended into a dynamic equilibrium model-IS-LM-AS model. The aggparative production function is a fresh deduced from a set of axioms. A comparative static analysis is carried out for’ evidence of the stagflation and the macroeconomic policy dilemma. A system approach to building a theoretical model of macoecnomic system is shown in the paper. The IS-LM model, which is well-known in macroeconomics, is extended into a dynamic equilibrium model-IS-LM-AS model. The aggparative production function is a fresh deduced from a set of axioms. A comparative static analysis is carried out for’ evidence of the stagflation and the macroeconomic policy dilemma.
出处 《Systems Science and Systems Engineering》 CSCD 1992年第1期34-45,共12页 系统科学与系统工程学报(英文版)
关键词 ECONOMICS STAGFLATION triangle. economics stagflation triangle.
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