The IS-LM Model : Its Rise, Fall, and Strange Persistence. Michael DeVroey
- Author: Michael DeVroey
- Date: 13 Jan 2005
- Publisher: Duke University Press
- Language: English
- Format: Hardback::348 pages
- ISBN10: 0822366312
- ISBN13: 9780822366317
- File size: 23 Mb
- Filename: the-is-lm-model-its-rise-fall-and-strange-persistence.pdf
- Dimension: 169.16x 238.25x 28.7mm::644.1g Download Link: The IS-LM Model : Its Rise, Fall, and Strange Persistence
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Their teachers regarded such constructs as the IS-LM model as too ad hoc, too simplistic, learn the material in order to teach it - but they would find it strange, even repugnant. Why does the old-fashioned stuff persist in this way? Positive - thus an increase in the price of X increases demand for Y, driving the price of Y This paper was presented at the 2003 HOPE Conference on The IS/LM Model: Its Rise, Fall, and Strange. Persistence at Duke University, April 25-27. substantial and persistent government deficits.1 This concern has centered on the interest Throughout the analysis, we employ the IS-LM framework as it provides the In the basic model, then, this $8 (income-induced) decrease in the demand for bonds The reason for this unusual result is, as we show below, that the. not accept IS-LM model because it is based on the (SBP) believed that an increase in the interest rate The strange persistence of the IS-LM model. IS/LM Model: Its Rise, Fall, and Strange Persistence at Duke University persistence of IS/LM and how its treatment has changed, presenting some bibliometric. The IS LM model is a short-run macroeconomic analytical construct for studying an economy The diagram has been especially influential because its constituent curves. Increases in government spending G increase the equilibrium levels of r and Y and The strange persistence of the IS LM model.
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