Search Results - subject:"IS LM Model"

On the Hicks and the Hicks–Hansen Myths About the Creation of the IS-LM Model : How Did it Happen?

Brady, Michael Emmett - 2018

Keynes brought all three of the universally recognized elements that are needed to comprise the IS-LM model, the … IS-LM model. This can be seen below when considering the following test question:8. Who developed the concept of IS-LM … model?a. Hicks and Hansenb. J. M. Keynesc. Adam Smithd. None of the above.Ans. 8 (a) Hicks and Hansen (It was developed by …

Persistent link: https://www.econbiz.de/10012923608

Hansen's Mistaken View on Keynes's Creation of the IS-LM Model : Where Hansen Went Wrong

Brady, Michael Emmett - 2018

A.Hansen essentially went wrong in his evaluation of Keynes's work in the General Theory (GT;1936) that dealt with the Liquidity Preference function in chapters 13,14,15,and 21.His basic error occurs when he evaluates Keynes's chapter 14 analysis on pp.179-183 that dealt with the fact that the...

Persistent link: https://www.econbiz.de/10012927519

J M Keynes’s 1937 Refutation of the Claim That Hicks–Hansen (and Others) Saved Keynes’s General Theory by the Development of the IS-LM Model in His ‘Professor Pigou on Money Wage R...

Brady, Michael Emmett - 2018

The myth or story regarding the creation of the IS-LM model in the economics profession goes something like this ….A more sophisticated version of this myth is that, while Keynes himself did derive and specify the IS-LM model in his student … applications, as well as astute criticisms of his own theoretical work. The myth that there was no IS-LM model in the GT is an anti …

Persistent link: https://www.econbiz.de/10012928661

Comparing the Mathematical Structure of W. Brian Reddaway's IS-LM Model Contained in His 1936 Economic Record Review of Keynes's General Theory with Keynes's December, 1933 IS-LP(L...

Brady, Michael Emmett - 2018

W Brian Reddaway's IS-LM model ,contained in his 1936 Economic Record paper that reviewed the General Theory, is …

Persistent link: https://www.econbiz.de/10012932398

Keynes on Uncertainty and His IS-LM Model in the 1937 Quarterly Journal of Economics Reply : There Never Was Any Conflict between Keynes's Definition of Uncertainty and Keynes's IS...

Brady, Michael Emmett - 2018

Persistent link: https://www.econbiz.de/10012933650

Currency depreciation and output nexus : evidence from Pakistan

Nawaz, Muhammad; Ghani, Ejaz - In: Panoeconomicus 65 (2018) 2, pp. 183-200

Persistent link: https://www.econbiz.de/10011894549

Reconsideration of the IS-LM model and limitations of monetary policy : a Tobin-Minsky model

Watanabe, Toshio - In: Evolutionary and institutional economics review 18 (2021) 1, pp. 103-129

Persistent link: https://www.econbiz.de/10012500363

Keynesian Macroeconomics without the LM Curve : IS-MP-IA Model and Taylor Rule Applied to Some CESEE Economies

Josheski, Dushko - 2017

Applying IS-MP-IA model and the Taylor rule, this study finds that for selected CESEE economies (Albania, Bosnia and Herzegovina, Macedonia and Serbia), lower expected inflation rate, real exchange rate appreciation, a lower world interest rate which is calculated like a federal funds rate minus...

Persistent link: https://www.econbiz.de/10012973485

J M Keynes's Assessment of the Strengths and Weaknesses of his IS-LM Model in Chapter 21 of the General Theory : Comparing this Assessment with his 1937 Quarterly Journal of Econom...

Brady, Michael Emmett - 2017

Keynes made a final reassessment of his chapter 15, Section IV simultaneous, four equation IS-LM model in Section IV of … neoclassicals to make erroneous claims about the rate of interest.Keynes's IS-LM model fixes the problem if the D-Z model of … Quarterly Journal of Economics article is the same as his extensive final analysis of his IS-LM model on pp.298-303 of the …

Persistent link: https://www.econbiz.de/10012950753

The Foundations of J M Keynes's IS-LM Model in Chapter 15 of the General Theory : Keynes's D-Z Model of Chapters 20 and 21

Brady, Michael Emmett - 2017

Theory of Interest and Money”. Modigliani sought to provide the IS-LM model of Hicks's 1937 Econometrica interpretation of … Keynes's chapter 15 IS-LM model with microeconomic foundations in the theory of the firm that included a production function …

Persistent link: https://www.econbiz.de/10012951951