The Model of AS-AD-BP and the Policies Effects

摘要：

The Stagflation of the 1970s almost crashed Keynesian economics. It is the model of AS-AD that forced Keynesian economics recovered. Today, Keynesians gradually admit that the model of AS-AD is selfcontradictory. Since 2007, financial crisis has generated a tendency that Keynesians would have come back onto the stage1. But in the real world, all economy systems are open. However, when the model of AS-AD is generalized in the open economy, we found that all of the Keynesian aggregate demand policies do NOT work even though it is used in respectively solving those problems of the short-run economic growth, unemployment and inflation, based on the model of AS-AD-BP, during analyzing the policies effects.

作者: Jin-she HE

作者单位: Department of Economy and Trade, Zhengzhou Institute of Aeronautical Industry Management, Zhengzhou, China

会议类型: 国际会议

会议名称: 2011 IEEE 18th International Conference on Industrial Engineering and Engineering Management(2011 IEEE 第十八届工业工程与工程管理国际会议 IEEM2011)

会议地点: 长春

会议语种:英文

页码: 433-435

在线出版日期: 2011-09-03（万方平台首次上网日期，不代表论文的发表时间）