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 […]
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/
A Personal Note
First of all, I have to say that this post will be radically different from other posts on my blog. I’ve never written a personal post here before. Of course, there were texts where I shared my personal feelings, but I shared this in Turkish on Medium and did it (dare to say) more poetically. […]
Posted by kgorgen on August 8, 2021
https://www.themoneymischief.com/a-personal-note/
Random thoughts on economics
I think most people understand the supply and demand less than we think. That’s because supply and demand are more confusing and complex than what is taught in mainstream EC101 lectures today. Maybe you don’t think so, but I do. Suppose we asked students who have already taken EC101&102: “Oil prices fell. For this reason, […]
Posted by kgorgen on June 13, 2021
https://www.themoneymischief.com/random-thoughts-on-economics/
