Search Results - subject:"IS/LM"

A price-theoretic construction of the general theory

Gillman, Max - 1997

Persistent link: https://www.econbiz.de/10000962033

Money and the Transmission Mechanism in the Optimizing IS-LM Specification

Nelson, Edward - C.E.P.R. Discussion Papers - 2003

This Paper discusses criticisms of the IS-LM framework in the macroeconomic literature of the last 40 years, and how … the modern optimizing version of IS-LM addresses those criticisms. It is argued that models that include the optimizing IS-LM … there is full recognition of the intertemporal nature of households’ saving decisions. The optimizing version of IS-LM …

Persistent link: https://www.econbiz.de/10005791565

Inside and outside fiat money, gains to trade, and IS-LM

Dubey, Pradeep; Geanakoplos, John - In: Economic Theory 21 (2003) 2, pp. 347-397

nominal effects of government fiscal and monetary policy can be completely described by a diagram identical in form to the IS-LM … curves introduced by Hicks to describe Keynes' general theory. IS-LM analysis is thus not incompatible with full market …

Persistent link: https://www.econbiz.de/10005147332

Intermediate Macroeconomics without the IS-LM Model

Weerapana, Akila - In: Journal of Economic Education 34 (2003) 3, pp. 241-262

The IS-LM model is the primary model of economic fluctuations taught in intermediate-level undergraduate macroeconomics … argues that the AD-PA model is superior to the IS-LM model for teaching about economic fluctuations in intermediate …

Persistent link: https://www.econbiz.de/10005243273

Structural vector autoregressive models and monetary policy analysis

Holtemöller, Oliver - 2002

In this paper, the structural vector autoregressive (SVAR) model is used to analyze short-run and contemporaneous relationships between monetary aggregates and other macroeconomic variables. This requires imposing restrictions on the correlation structure of the VAR residuals. Different...

Persistent link: https://www.econbiz.de/10010310587