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We propose aggregate supply-side (link redundancy, network scale, road density, population density) and demand-side (user travel time, traffic load) indicators and combine them in statistical regression models.
But if we look at the way the civil war emerged in macro during the 1970s, both sides assumed downward-sloping aggregate demand (the liquidity trap was a distant memory), so the whole focus was on aggregate supply.
The supply side is largely unscathed.
The rigid board symbolises the supply side.
"The supply side is the easy part.
They operate on the supply side.
It was the view of the American monetary authorities that this reduction in aggregate demand had to be countered by monetary expansion.The ECB, on the other hand, was caught in a narrative that the problem came from the supply side.
But inflation would result only if monetisation boosted aggregate demand enough to exceed aggregate supply.
It also increases aggregate supply, because it supports private-sector productivity and efficiency.
The problem is that the pickup in productivity tends to create even greater increases in aggregate demand than in potential aggregate supply.
The supply side is involved too.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com