Policy Effectiveness and the Slopes of IS and LM Curves: A Graphical Analysis

The "IS-LM" model provides the typical textbook framework to analyze the characteristics of the economy that determine the effectiveness of monetary and fiscal policy. The author provides a graphical analysis that is designed to clear up the confusion induced by misleading statements in se...

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Veröffentlicht in:	The Journal of economic education 2000, Vol.31 (4), p.374-381
1. Verfasser:	Revier, Charles F.
Format:	Artikel
Sprache:	eng
Schlagworte:	Calculus Causal Models Content Articles in Economics Course Content Economic elasticity Economic growth Economic policy Economics Economics Education Educational Practices Elasticity of demand Expenditures Financial economics Financial Policy Fiscal policy GDP Gross Domestic Product Higher Education Income elasticity of demand Interest rates Macroeconomics Market equilibrium Monetary policy Monetary theory Money demand Money supply Price elasticity of supply Textbook Content Textbooks
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Beschreibung
Zusammenfassung:	The "IS-LM" model provides the typical textbook framework to analyze the characteristics of the economy that determine the effectiveness of monetary and fiscal policy. The author provides a graphical analysis that is designed to clear up the confusion induced by misleading statements in several major macroeconomics textbooks.
ISSN:	0022-0485 2152-4068
DOI:	10.1080/00220480009596455