IS-LM model for US economy: testing in JMULTI

Dushko Josheski (), Darko Lazarov, Risto Fotov and Cane Koteski

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper IS-LM model, has been introduced as time series model. Standard VAR, VECM test have been applied .Three variables that we estimated were: logarithm of real GDP (q), 3 month interbank interest rate (i), real monetary base (m).VECM mechanism shows that if the system is in disequilibrium alteration in the change of interbank interchange interest rate, log of real US gdp , and monetary base will be downward 5,5%,4,6% and 0,4% respectively.

Keywords: IS-LM; VAR; VECM; JMULTI (search for similar items in EconPapers)
JEL-codes: C40 E12 E21 N1 (search for similar items in EconPapers)
Date: 2011-10-10
New Economics Papers: this item is included in nep-cis
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