Title of article
IS–LM and the multiplier: A dynamic general equilibrium model
Author/Authors
Jean-Pascal Benassy، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
7
From page
189
To page
195
Abstract
We construct a dynamic general equilibrium model which displays the central features of the IS–LM model, and notably an income multiplier greater than one, so that crowding out does not occur. A key to this result is the conjunction of two features: price rigidities (as is usually expected), but also a non-Ricardian economy.
Keywords
IS–LM model , Multiplier , Dynamic stochastic general equilibrium models
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436282
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