The IS-LM Model pdf epub mobi txt 电子书 下载 2024


The IS-LM Model

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Michel De Vroey
Duke University Press Books
2005-1-13
348
USD 59.95
Hardcover
9780822366317

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The IS-LM Model epub 下载 mobi 下载 pdf 下载 txt 电子书 下载 2024

The IS-LM Model epub 下载 mobi 下载 pdf 下载 txt 电子书 下载 2024

The IS-LM Model pdf epub mobi txt 电子书 下载 2024



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For some twenty-five years after the end of the Second World War, the is-lm model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces 'equilibrium' in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the is-lm model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the is-lm model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models.This volume, the annual supplement to "History of Political Economy", explores the rise, the fall, and the persistence of the is-lm model. In addition to presenting papers from the "History of Political Economy" conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the is-lm model. The contributors include Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, and Warren Young. Michel De Vroey is Professor of Economics at the Universite Catholique de Louvain in Belgium. Kevin D. Hoover is Professor of Economics at the University of California, Davis.

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