Search Results - subject:"IS LM Model"

Completing D. Patinkin's Partially Correct, Incomplete Assessment of J M Keynes's Role as the Creator in the Development of the IS-LM Model

Brady, Michael Emmett - 2017

Patinkin came very, very close in 1987 to discovering for himself that Keynes,not Hicks, was the creator and developer of IS-LM. Unfortunately, he stopped his analysis right at the point where he could have established Keynes's priority over Hicks.On pp.180-181 in chapter 14 of the GT,Keynes...

Persistent link: https://www.econbiz.de/10012954371

Hicks's IS LM Interpretation of the IS-LM Model in J M Keynes's Chapter 15 of the General Theory : Partly Wrong in 1937 and Partly Wrong in 1981

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012955559

On J M Keynes's Correspondence about His General Theory IS-LM Model with Harrod and Hicks on Their Interpretations of His IS-LM Model : Keynes Had No Major Objections Because IS-LM...

Brady, Michael Emmett - 2017

J M Keynes engaged in correspondence over the IS-LM model contained in chapter 15 of the General Theory with R. Harrod …? However, he did point out two relative deficiencies that needed to be fixed in his IS LM model. These deficiencies were fixed …

Persistent link: https://www.econbiz.de/10012955766

The Algebraic galaxy of simple macroeconomic models : a Hitchhiker’s guide

Tanner, Evan - 2017

the IS/LM model yields solutions for core macro variables (output gap, inflation, interest rate, real exchange rate …

Persistent link: https://www.econbiz.de/10011704581

A Comparison – Contrast of Keynes's 1933-1935 IS-LM Model Incorporating Degree of Confidence (The State of the News) with Hicks' 1937 IS-LM Model without Degree of Confidence : D....

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012959029

Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM(LP) Model : There Is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Keynes Put His IS-LM(LP) Model in Chapters 15 and 21 of the General Theory

Brady, Michael Emmett - 2017

There is no IS-LM (LP) model of Keynes's theory of the rate of interest and liquidity preference in chapter 18 of the General Theory. Keynes made it very clear in Section IV of chapter 15 that he was going to give a brief summary of his theory and application of the model there while he would...

Persistent link: https://www.econbiz.de/10012943526

Confusing Keynes's Theory of the Rate of Interest in the General Theory with Keynes's IS-LM (LP) Model : There is No IS-LM (LP) Model in Chapter 18 of the General Theory Because Keynes Put His IS-LM (LP) Model in Chapters 15 and 21 of the General Theory

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012943529

On R. Kahn's Attempt at Hiding Keynes's General Theory IS-LP (LM) Model from the Economics Profession : How Hicks's SI-LL (Hansen's IS-LM) Model Was Substituted for Keynes's IS-LP...

Brady, Michael Emmett - 2017

Persistent link: https://www.econbiz.de/10012944689

Microfoundation for IS-LM

Kim, Bryce - 2016

is justified by "real bills doctrine" of central bank operations. The resulting IS-LM model from fully intertemporal …. Nevertheless, it keeps ordinary curve shape of IS-LM. As can be expected, the IS-LM model is a static simplification of the fully … intertemporal model that incorporates changes in expectation of future variables by change in curves. The static IS-LM model can …

Persistent link: https://www.econbiz.de/10012982189

External Factors in Emerging Market Recoveries : An Empirical Investigation

Mora, Ricardo - 2016

We estimate conditional duration models to analyse recovery processes in emerging market economies. Our reduced form specification is parsimonious, as we focus on exogenous factors, such as the effect of growth in the US, EU, and Japan on the prospects for recovery in emerging market economies...

Persistent link: https://www.econbiz.de/10012986481