Pagan, Adrian R.; Pesaran, M. Hashem - School of Economics, UNSW Business School - 2008
shocks, structural identi�cation, error correction
models, IS-LM models.
We are grateful to two anonymous referees and the … which may or may not be correct and the truth of which is not
testable.
4.4 Gali�s IS-LM Model (Gali, 1992)
Gali presents a … four equation model that is meant to be an analogue of
the IS-LM system. It consists of four I(1) variables, the log of GNP …