Monday, June 23, 2014
Matias Vernengo — ISLM, ISMP, DSGE and other models
Matias Vernengo begs to differ, holding that ISLM (and its variants) is one of the most useful economic models with respect to explaining policy and that Keynes endorsed it. For example, ISLM can be modified to ISMP to take into account a policy rate.
Naked Keynesianism
ISLM, ISMP, DSGE and other models
Matias Vernengo | Associate Professor of Economics, University of Utah
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