Nelson, Edward (contributor) - 2003 - [Elektronische Ressource]
Conference on “The IS-LM Model: Its
Rise, Fall, and Strange Persistence,” Duke University, April 25−27, 2003, for helpful … model.
This paper discusses criticisms of the IS-LM framework in the macroeconomic
literature of the last 40 years, and …-LM approach if the model’s structure includes two equations (which in
general will be both dynamic and stochastic): an equation …