The BMW Model: A New Framework for Teaching Monetary Economics


Publication: Journal of Economic Education

Volume: Volume 37, No. 1

Issue: Winter 2006

Pages: 98-117

Author(s): Peter Bofinger (University of Wuerzburg), Eric Mayer (University of Wuerzburg), Timo Wollmershäuser (Intitute for Economic Research, Munich)

Address (Principal Author):

Peter Bofinger

Chair for Monetary Policy and International Economics

University of Würzburg

Sanderring 2

97070 Würzburg

Germany

 

Telefon: +49 / 931 / 31 - 29 45

Telefax: +49 / 931 / 31 - 27 75

Internet Address (Principal Author):  peter.bofinger@mail.uni-wuerzburg.de

Title: The BMW Model: A New Framework for Teaching Monetary Economics

Abstract: The IS/LM-AS/AD model is the central tool of macroeconomics. The authors present a framework that develops the Romer approach into a comprehensive macroeconomic model.


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