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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書目名稱IS-LM and Modern Macroeconomics影響因子(影響力)

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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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