Using an IS/LM Model to Examine Effectiveness of Monetary and Fiscal Policies
Number of pages:
7
ABSTRACT:
This 7 page report discusses the issues surrounding application of the traditional IS/LM model in examining fiscal and or monetary policies. IS/LM has served as the consensus model taught to undergraduates all over the world, the model used by practitioners to analyze the evolution of interest rates and national income, the methodological base for economic forecasting, and even the springboard for macroeconomic research. While certain aspects of its application have come into question in the past decade, it nonetheless serves as a foundation upon which other macroeconomic investigation may be based. Bibliography lists 6 sources.
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File: D0_BWisLM.rtf
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