General Aggregative Models

General aggregative models (JEL E1) cover the broad theoretical models of the macroeconomy as a whole.

Scope

It encompasses Keynesian, classical, monetarist, new classical, and new Keynesian aggregative frameworks linking output, employment, and prices.

Sub-topics

• General
• Marxian • Sraffian • Kaleckian
• Keynes • Keynesian • Post-Keynesian • Modern Monetary Theory
• Neoclassical
• Austrian • Evolutionary • Institutional
• Social Accounting Matrix
• Forecasting and Simulation: Models and Applications
• Other

Core questions

• How is the macroeconomy modelled as a whole?
• How do the major schools' aggregate models differ?
• How are output, employment, and prices jointly determined?

Key concepts

• Aggregate demand and supply
• IS-LM
• New Keynesian models
• Classical and monetarist models
• General aggregative frameworks

Frequently asked questions

What are general aggregative models?

Whole-economy theoretical frameworks (Keynesian, classical, new Keynesian, etc.) linking the main macroeconomic aggregates.