Critique of IS-LM : Fiscal Deficits, Loanable Funds, Keynesian Cross and IS-LM

This paper intends to discuss some problematic properties IS-LM and loanable funds together have when dealing with fiscal deficits. 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 IS-LM is in contradictory nature to simultaneous equilibrium system, and therefore loanable funds

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Year of publication:	2014
Authors:	Kim, Bryce
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| IS-LM-Modell \| IS-LM model \| Haushaltsdefizit \| Budget deficit \| Öffentliche Schulden \| Public debt \| Keynesianismus \| Keynesian economics \| Makroökonomik \| Macroeconomics \| Finanzpolitik \| Fiscal policy

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Extent:	1 Online-Ressource (12 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 21, 2014 erstellt
Other identifiers:	10.2139/ssrn.2499106 [DOI]
Classification:	E43 - Determination of Interest Rates; Term Structure Interest Rates ; E21 - Consumption; Saving ; E22 - Capital; Investment (including Inventories); Capacity ; E12 - Keynes; Keynesian; Post-Keynesian ; E13 - Neoclassical ; B22 - Macroeconomics
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013047058