The IS-LM model : its rise, fall, and strange persistence

著者

• Vroey, Michel de
• Hoover, Kevin D.

書誌事項

The IS-LM model : its rise, fall, and strange persistence

edited by Michel De Vroey and Kevin D. Hoover

（History of political economy : annual supplement, v. 36）

Duke University Press, 2004

注記

Includes bibliographical references and index

内容説明・目次

内容説明

For some twenty-five years after the end of the Second World War, the IS-LM model dominated macroeconomics. Inspired by the work of John Maynard Keynes, this model demonstrates the relationship among savings, income, investments, and interest rates, showing the point at which the interaction of these elements produces "equilibrium" in an economy. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the IS-LM model was effectively challenged. While no longer central to the graduate training of most macroeconomists or to cutting-edge macroeconomic research, the IS-LM model continues to be a mainstay of undergraduate textbooks, to find wide use in applied macroeconomics, and to lie at the conceptual core of most government and commercial macroeconometric models. This volume, the annual supplement to History of Political Economy, explores the rise, the fall, and the persistence of the IS-LM model. In addition to presenting papers from the History of Political Economy conference held at Duke University in April 2003, the volume includes the text of an address delivered at the conference by Nobel laureate Robert E. Lucas Jr., one of the central players in the intellectual movement that dethroned the IS-LM model.Contributors. Roger E. Backhouse, Mauro Boianovsky, Michael Bordo, David Colander, William Darity Jr., Michel De Vroey, Robert W. Dimand, Kevin D. Hoover, David Laidler, Robert E. Lucas Jr., Edward Nelson, Goulven Rubin, Anna Schwartz, Scott Sumner, Warren Young

目次

Introduction: Seven Decades of the IS-LM Model / michel de vroey and kevin d. hoover 1 Keynote Address to the 2003 HOPE Conference: My Keynesian Education / robert e. lucas jr. 12 What Was Lost with IS-LM / roger e. backhouse and david laidler 25 The History of Macroeconomics Viewed against the Background of the Marshall-Walras Divide / michel de vroey 57 The IS-LM Model and the Liquidity Trap Concept: From Hicks to Krugman / mauro boianovsky 92 IS-LM-BP: An Inquest / warren young and william darity jr. 127 James Tobin and the Transformation of the IS-LM Model / robert w. dimand 165 Patinkin on IS-LM: An Alternative to Modigliani / goulven rubin 190 IS-LM and Monetarism / michael d. bordo and anna j. schwartz 217 How Have Monetary Regime Changes Affected the Popularity of IS-LM? / scott sumner 240 Money and the Transmission Mechanism in the Optimizing IS-LM Specification / edward nelson 271 The Strange Persistence of the IS-LM Model / david colander 305 Contributors 323 Index 327

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詳細情報

• NII書誌ID(NCID): BA70744673
• ISBN:
  • 0822366312
• 出版国コード: us
• タイトル言語コード: eng
• 本文言語コード: eng
• 出版地: Durham
• ページ数/冊数: vi, 341 p.
• 大きさ: 24 cm
• 親書誌ID:
  • BA20921722