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IS-LM and Modern Macroeconomics

IS-LM and Modern Macroeconomics

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On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. IS-LM is perhaps the prime example of « cognitive dissonance » in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists…

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On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. IS-LM is perhaps the prime example of « cognitive dissonance » in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. The model’s « plasticity » has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.

Langue
en
Version
Broché
Date de sortie initiale
31 janvier 2001
Nombre de pages
180
Illustrations
Non

Personnes impliquées

Auteur principal

Benzion Zilberfarb

Deuxième auteur

Warren Young

Rédacteur en chef

Warren Young

Deuxième rédacteur

Ben-Zion Zilberfarb

Editeur principal

Kluwer Academic Publishers

Informations sur le fabricant

Nom du fabricant
Springer Nature Customer Service Center GmbH
Adresse du fabricant
Europaplatz 3 | 69115| Heidelberg| DE
Adresse électronique du fabricant
ProductSafety@springernature.com
Informations sur le fabricant
Les informations du fabricant ne sont actuellement pas disponibles

Autres spécifications

Hauteur de l’emballage
9 mm
Largeur d’emballage
155 mm
Largeur du produit
155 mm
Livre d‘étude
Non
Longueur d’emballage
235 mm
Longueur du produit
235 mm
Poids de l’emballage
275 g
Police de caractères extra large
Non
Édition
2000 ed.

EAN

EAN
9780792379669

Sécurité des produits

Opérateur économique responsable dans l’UE

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Économie et Finance

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Économie

Macroéconomie

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Anglais

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