Construct · 1 fields · 1 citations

IS-LM model: a standalone construct

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Macroeconomics

model in which goods-market (IS) and money-market (LM) equilibrium jointly determine output and the interest rate, formalizing Keynes's General Theory.

In macroeconomics, IS-LM model refers to model in which goods-market (IS) and money-market (LM) equilibrium jointly determine output and the interest rate, formalizing Keynes's General Theory. This meaning comes from Hicks (1937) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

liquidity trap1 fields · 3 citationsanchor · a standalone macroeconomic construct aggregate3 fields · 6 citationsjingle · one word, three constructs equilibrium4 fields · 4 citationsjingle · one word, four constructs

References

Hicks, J. R. (1937). Mr. Keynes and the "Classics"; A Suggested Interpretation. Econometrica, 5(2), 147. https://doi.org/10.2307/1907242

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