Jordan, Thomas J.; Lenz, Carlos - In: Jahrbücher für Nationalökonomie und Statistik 218 (1999) 5-6, pp. 725-744
Summary This paper analyzes whether the short-run behavior of output, the interest rate, and the price level in the U.S., Germany, France, the U.K., and Italy follows the qualitative predictions of the IS-LM model augmented by a long-run aggregate supply schedule. The use of the structural...