A Tautologies-Founded IS-LM Model

Martin Hiermeyer

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Teaching of economics; fiscal policy; monetary policy (search for similar items in EconPapers)
JEL-codes: A2 E5 E6 (search for similar items in EconPapers)
Date: 2018-01-06
New Economics Papers: this item is included in nep-mac and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:83681

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