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Examples
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We may say that Mundell introduced foreign trade and capital movements into Hick's IS-LM model for a closed economy.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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Hicks also presented a celebrated aggregate general equilibrium model with four markets - commodities, labor, credit and money - the so-called IS-LM model.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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Neo-classical versions of IS-LM and monetary policy were slightly more complicated, but they no doubt made sense.
Matthew Yglesias » Monetary Policy is Policy; The Fed is a Government Agency 2009
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Understanding the roles of the central bank in keynesian IS-LM/AD-AS framework was a breeze.
Matthew Yglesias » Monetary Policy is Policy; The Fed is a Government Agency 2009
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We're stuck teaching crap like AS-AD or IS-LM while research has gone in completely different directions since 1939.
Textbook Omissions, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Scott Sumner has an excellent post on his concerns with IS-LM theory.
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Apparently it is framed in terms of the old IS-LM model with no supply side and thus no aggregate supply curve.
Vertical LM is Not Vertical AS, Bryan Caplan | EconLog | Library of Economics and Liberty 2009
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Scott Sumner has an excellent post on his concerns with IS-LM theory.
Single-Lever Macro, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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This implies a change in the IS-LM geometry and an accompanying increase in interest rates.
Austrian Economists and the mainstream, Arnold Kling | EconLog | Library of Economics and Liberty 2009
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Scott Sumner has an excellent post on his concerns with IS-LM theory.
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