IS-LM model for US economy: testing in JMULTI

In this paper IS-LM model, has been introduced as time series model. Standard VAR, VECM test have been applied .Three variables that we estimated were: logarithm of real GDP (q), 3 month interbank interest rate (i), real monetary base (m).VECM mechanism shows that if the system is in disequilibrium alteration in the change of interbank interchange interest rate, log of real US gdp , and monetary base will be downward 5,5%,4,6% and 0,4% respectively.

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Year of publication:	2011-10-10
Authors:	Josheski, Dushko ; Lazarov, Darko ; Fotov, Risto ; Koteski, Cane
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	IS-LM \| VAR \| VECM \| JMULTI

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	N1 - Macroeconomics and Monetary Economics; Growth and Fluctuations ; E12 - Keynes; Keynesian; Post-Keynesian ; C40 - Econometric and Statistical Methods: Special Topics. General ; E21 - Consumption; Saving
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009325569