Critique of IS-LM: Fiscal Deficits, Loanable Funds, Keynesian Cross and IS-LM
نویسندگان
چکیده
منابع مشابه
Critique of IS - LM : fiscal deficits , loanable funds , Keynesian Cross and IS
This paper intends to discuss some problematic aspects that IS-LM have when dealing with fiscal deficits, especially when considering loanable funds model. Many others have focused on its assumptions for criticism of IS-LM, but I will mainly focus on its fundamental modelling nature. To say more specifically, I will argue that ordinary ISLM analysis is in contradictory nature to simultaneous eq...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2014
ISSN: 1556-5068
DOI: 10.2139/ssrn.2499106