I have to admit that I have rarely used the IS-LM model since I became interested in economics. Instead, I find the AD-AS model much more useful. Of course, this does not mean that there is a major theoretical flaw in the IS-LM model. Rather, I think that the inferences that economists make by looking […]
All posts for the month September, 2021
IS-LM is not a useful model
Posted by kgorgen on September 18, 2021
https://www.themoneymischief.com/is-lm-is-not-a-useful-model/
Indicators of A Good Monetary Policy
There has been a heated debate lately about whether inflation is transitory or not. I think I caught this discussion a little late, but for various reasons, it took me quite a while to finalize this post, and I see no reason not to share it now. Note that most of the post was written […]
Posted by kgorgen on September 7, 2021
https://www.themoneymischief.com/indicators-of-a-good-monetary-policy/
