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Titlebook: IS-LM and Modern Macroeconomics; Warren Young,Ben Zion Zilberfarb Book 2000 Springer Science+Business Media New York 2000 IS-LM.Keynes.eco

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发表于 2025-3-21 18:39:40 | 显示全部楼层 |阅读模式
书目名称IS-LM and Modern Macroeconomics
编辑Warren Young,Ben Zion Zilberfarb
视频videohttp://file.papertrans.cn/461/460343/460343.mp4
丛书名称Recent Economic Thought
图书封面Titlebook: IS-LM and Modern Macroeconomics;  Warren Young,Ben Zion Zilberfarb Book 2000 Springer Science+Business Media New York 2000 IS-LM.Keynes.eco
描述IS-LM is perhaps the prime example of `cognitive dissonance‘ ineconomics, and is problematic to many economists. On the one hand, theIS-LM model is still taught by many academic economists or they use itto derive the AD-AS approach. On the other hand, the same economistsrealize the limitations of the basic IS-LM model and would not now useit for policy analysis, as they did in the past. The distinctionbetween pedagogical and analytical efficacy is made by all the authorsin this volume regarding the IS-LM model. Indeed, even those who wouldreject using the model for modern policy analysis still see the basicmodel as useful for teaching purposes. Moreover, in an .augmentedform., some of the authors in this volume would even see fit to useIS-LM for modern policy analysis. As will be seen, therefore, theIS-LM model is `not yet dead‘. Rather, the model‘s `plasticity‘ hasenabled it to undergo a metamorphosis into .augmented form.,enabling its continuing utilization in economics accordingly.
出版日期Book 2000
关键词IS-LM; Keynes; econometrics; macroeconomics
版次1
doihttps://doi.org/10.1007/978-94-010-0644-6
isbn_softcover978-0-7923-7966-9
isbn_ebook978-94-010-0644-6Series ISSN 0924-199X
issn_series 0924-199X
copyrightSpringer Science+Business Media New York 2000
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IS-LM and Macroeconometric Models,mpacts of monetary and fiscal policies. When the IS-LM model of aggregate demand is augmented with a model of aggregate supply, moreover, the combined AD-AS system also incorporates simultaneous price-level determination and the capability of analyzing the macro impacts of supply shocks.
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0924-199X odel is still taught by many academic economists or they use itto derive the AD-AS approach. On the other hand, the same economistsrealize the limitations of the basic IS-LM model and would not now useit for policy analysis, as they did in the past. The distinctionbetween pedagogical and analytical
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The IS-LM Model: Its Role in Macroeconomics,umbers of equations and (endogenous) variables that would be able to determine the latter as solutions to simultaneous equations. They were seeking explanations of the business cycle during times of economic turmoil (stock exchange crashes and deep, prolonged depression).
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Old, New and Post Keynesian Perspectives on the IS-LM Framework: A Contrast and Evaluation,oral equilibrium approach to macroeconomics, which had its origins in the work of Lucas and Rapping (1969). In this paper we trace a brief history of the IS-LM framework, and how it has been reinterpreted over the last few decades by economists of an essentially “Keynesian” viewpoint.
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