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- W94052338 abstract "After nearly sixty years, Hicks’ (1937) mathematical formulation of the core of Keynes’ General Theory of Employment, Interest and Money (1936) remains solidly lodged in macroeconomics textbooks as the basic theoretical paradigm for the simultaneous determination of national income and the rate of interest and for the analysis of the short-run impacts of monetary and fiscal policies. When the IS-LM model of aggregate demand is augmented with a model of aggregate supply, moreover, the combined AD-AS system also incorporates simultaneous price-level determination and the capability of analyzing the macro impacts of supply shocks." @default.
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- W94052338 date "2000-01-01" @default.
- W94052338 modified "2023-09-24" @default.
- W94052338 title "IS-LM and Macroeconometric Models" @default.
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- W94052338 doi "https://doi.org/10.1007/978-94-010-0644-6_8" @default.
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