{"id":19634113,"url":"https://github.com/pmichaillat/economical-model","last_synced_at":"2026-03-19T10:53:41.379Z","repository":{"id":233026838,"uuid":"785694613","full_name":"pmichaillat/economical-model","owner":"pmichaillat","description":"AD-AS diagrams from the paper \"An Economical Business-Cycle Model\"","archived":false,"fork":false,"pushed_at":"2025-05-27T19:43:19.000Z","size":1257,"stargazers_count":2,"open_issues_count":0,"forks_count":0,"subscribers_count":2,"default_branch":"main","last_synced_at":"2025-05-27T20:39:09.336Z","etag":null,"topics":["business-cycles","keynote","market-tightness","matching-model","monetary-policy","paper-with-code","unemployment","wealth-in-the-utility","wealth-tax","zero-lower-bound"],"latest_commit_sha":null,"homepage":"https://pascalmichaillat.org/7/","language":null,"has_issues":false,"has_wiki":null,"has_pages":null,"mirror_url":null,"source_name":null,"license":"cc-by-4.0","status":null,"scm":"git","pull_requests_enabled":true,"icon_url":"https://github.com/pmichaillat.png","metadata":{"files":{"readme":"README.md","changelog":null,"contributing":null,"funding":null,"license":"LICENSE.md","code_of_conduct":null,"threat_model":null,"audit":null,"citation":null,"codeowners":null,"security":null,"support":null,"governance":null,"roadmap":null,"authors":null,"dei":null,"publiccode":null,"codemeta":null,"zenodo":null}},"created_at":"2024-04-12T12:28:34.000Z","updated_at":"2025-05-27T19:43:23.000Z","dependencies_parsed_at":"2024-04-18T17:50:42.513Z","dependency_job_id":"dd40b49c-c29f-45dc-b5dd-0e71c561db7e","html_url":"https://github.com/pmichaillat/economical-model","commit_stats":null,"previous_names":["pmichaillat/economical-model"],"tags_count":0,"template":true,"template_full_name":null,"purl":"pkg:github/pmichaillat/economical-model","repository_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/pmichaillat%2Feconomical-model","tags_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/pmichaillat%2Feconomical-model/tags","releases_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/pmichaillat%2Feconomical-model/releases","manifests_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/pmichaillat%2Feconomical-model/manifests","owner_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners/pmichaillat","download_url":"https://codeload.github.com/pmichaillat/economical-model/tar.gz/refs/heads/main","sbom_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories/pmichaillat%2Feconomical-model/sbom","scorecard":null,"host":{"name":"GitHub","url":"https://github.com","kind":"github","repositories_count":286080680,"owners_count":30081422,"icon_url":"https://github.com/github.png","version":null,"created_at":"2022-05-30T11:31:42.601Z","updated_at":"2026-03-04T13:22:36.021Z","status":"ssl_error","status_checked_at":"2026-03-04T13:20:45.750Z","response_time":59,"last_error":"SSL_read: unexpected eof while reading","robots_txt_status":"success","robots_txt_updated_at":"2025-07-24T06:49:26.215Z","robots_txt_url":"https://github.com/robots.txt","online":false,"can_crawl_api":true,"host_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub","repositories_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repositories","repository_names_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/repository_names","owners_url":"https://repos.ecosyste.ms/api/v1/hosts/GitHub/owners"}},"keywords":["business-cycles","keynote","market-tightness","matching-model","monetary-policy","paper-with-code","unemployment","wealth-in-the-utility","wealth-tax","zero-lower-bound"],"created_at":"2024-11-11T12:19:36.231Z","updated_at":"2026-03-19T10:53:41.357Z","avatar_url":"https://github.com/pmichaillat.png","language":null,"funding_links":[],"categories":[],"sub_categories":[],"readme":"# An Economical Business-Cycle Model: AD-AS Diagrams\n\nThis repository contains the AD-AS diagrams from the paper \"An Economical Business-Cycle Model\", written by [Pascal Michaillat](https://pascalmichaillat.org) and [Emmanuel Saez](https://eml.berkeley.edu/~saez/), and published in [Oxford Economic Papers](https://doi.org/10.1093/oep/gpab021) in April 2022.\n\n## Paper webpage\n\nThe paper is available at https://pascalmichaillat.org/7/. The AD-AS diagrams appear in figures 2–8.\n\n## Diagrams\n\nThe AD-AS diagrams are drawn by hand using Keynote and exported to PDF:\n\n+ `figure2.key`, `figure2.pdf` - Figure 2: Solution of the model\n+ `figure3.key`, `figure3.pdf` - Figure 3: Response to a negative AD shock \n+ `figure4.key`, `figure4.pdf` - Figure 4: Response to a negative AS shock \n+ `figure5.key`, `figure5.pdf` - Figure 5: Response to a decrease in nominal interest rate \n+ `figure6.key`, `figure6.pdf` - Figure 6: Response to an increase in wealth tax rate \n+ `figure7.key`, `figure7.pdf` - Figure 7: Optimal monetary policy restores efficient unemployment when the unemployment gap is small\n+ `figure8.key`, `figure8.pdf` - Figure 8: Optimal monetary policy reaches the zero lower bound when the unemployment gap is large  \n\n## License\n\nThis repository is licensed under the [Creative Commons Attribution 4.0 International License](http://creativecommons.org/licenses/by/4.0/).","project_url":"https://awesome.ecosyste.ms/api/v1/projects/github.com%2Fpmichaillat%2Feconomical-model","html_url":"https://awesome.ecosyste.ms/projects/github.com%2Fpmichaillat%2Feconomical-model","lists_url":"https://awesome.ecosyste.ms/api/v1/projects/github.com%2Fpmichaillat%2Feconomical-model/lists"}