Flaschel, Peter; Chiarella, Carl; Franke, Reiner; … - Center for Nonlinear Dynamics in Economics and Finance … - 2001
In this paper we reconsider a model of Blanchard and Fischer which reformulated Keynesian IS-LM analysis from the perspective of a richer array of financial assets, namely short-term and long-term bonds, and thus from the perspective of the term structure of interest rates. The basic change in...