Search Results - subject:"IS/LM"

On J Nevile’s (2000) , 'What Keynes Would Have Thought of the Development of IS LM'. It Is An Oxymoron, Given that J M Keynes Himself, and only Keynes, Originally Developed the IS-...

Brady, Michael Emmett - 2021

21 of the General Theory in 1936 first presenting the model on pp.298-299 and then discussing his IS-LM model’s strengths …’s central message and in Section 3 examine Keynes’s reaction to various formulations of the IS-LM to see what he thought … important if an IS-LM framework was to be a good summary of the General Theory. We then consider whether Hicks’s IS-LM framework …

Persistent link: https://www.econbiz.de/10013242376

The Lm Curve : A Not-so-Fond Farewell

Friedman, Benjamin M. - 2021

One of the most significant changes in monetary economics in recent years has been the virtual disappearance of what was once a dominant focus on money, and in parallel the disappearance of the LM curve as part of the analytical framework that economists use to think about issues of monetary...

Persistent link: https://www.econbiz.de/10013214633

An Optimizing Is-Lm Framework with Endogenous Investment

Casares, Miguel; McCallum, Bennett T. - 2021

Dynamic optimizing models with an IS-LM-type structure and slow price adjustments have been used for much recent …

Persistent link: https://www.econbiz.de/10013216490

Is the New Keynesian IS Curve Structural?

Stracca, Livio - 2021

There is already a small literature emphasising the empirical failure of the New Keynesian IS curve, but it is not yet known if this failure reflects empirical problems associated with small samples or is rather a structural weakness of the underlying model. To address this question, in this...

Persistent link: https://www.econbiz.de/10013316177

Does Money Matter in the IS Curve? The Case of the UK

Jones, Barry E.; Stracca, Livio - 2021

Narrow and broad money measures (including Divisia aggregates) have been found to have explanatory power for UK output in backward-looking specifications of the IS curve. In this paper, we explore whether or not real balances enter into a forward-looking IS curve for the UK, building on the...

Persistent link: https://www.econbiz.de/10013316527