A Tautologies-Founded IS-LM Model

Hiermeyer, Martin (2018): A Tautologies-Founded IS-LM Model.

Abstract

The paper combines five tautologies to come up with a model that is structurally similar to the IS-LM model but has five advantages vis-à-vis the IS-LM model. The model also has seven advantages vis-à-vis simple New Keynesian models such as Romer's IS-MP model or Carlin's and Soskice's IS-MR model.

• Item Type: MPRA Paper
• Language: English
• Keywords: Teaching of economics; fiscal policy; monetary policy
• Subjects: A - General Economics and Teaching > A2 - Economic Education and Teaching of Economics; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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