A Note on Keynesian Models Used in Standard Textbooks
This article shows that there is a methodological problem in the traditional IS-LM model. If production cannot be sufficiently adjusted downwards, there is no uniform interest rate that simultaneously clears the money and goods markets. An extension of the credit market in the tradition of the loana...
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| Principais autores: | , |
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| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
MDPI AG
2025-09-01
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| coleção: | Economies |
| Assuntos: | |
| Acesso em linha: | https://www.mdpi.com/2227-7099/13/10/279 |
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