Felderer, Bernhard; Homburg, Stefan - In: Jahrbücher für Nationalökonomie und Statistik 201 (1986) 5, pp. 457-468
In our paper we have shown that, avoiding logical inconsistencies, one cannot interpret the IS-curve as an equilibrium locus for the goods market. In the neoclassical synthesis the goods market is depicted by the AD/AS-diagram and, therefore, it cannot be represented by the IS-curve...
