Download the fantastic book titled IS LM and Modern Macroeconomics written by Warren Young, available in its entirety in both PDF and EPUB formats for online reading. This page includes a concise summary, a preview of the book cover, and detailed information about "IS LM and Modern Macroeconomics", which was released on 06 December 2012. We suggest perusing the summary before initiating your download. This book is a top selection for enthusiasts of the Business & Economics genre.
Summary of IS LM and Modern Macroeconomics by Warren Young PDF
IS-LM is perhaps the prime example of `cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitations of the basic IS-LM model and would not now use it for policy analysis, as they did in the past. The distinction between pedagogical and analytical efficacy is made by all the authors in this volume regarding the IS-LM model. Indeed, even those who would reject using the model for modern policy analysis still see the basic model as useful for teaching purposes. Moreover, in an augmented form, some of the authors in this volume would even see fit to use IS-LM for modern policy analysis. As will be seen, therefore, the IS-LM model is `not yet dead'. Rather, the model's `plasticity' has enabled it to undergo a metamorphosis into augmented form, enabling its continuing utilization in economics accordingly.
Detail About IS LM and Modern Macroeconomics PDF
- Author : Warren Young
- Publisher : Springer Science & Business Media
- Genre : Business & Economics
- Total Pages : 171 pages
- ISBN : 940100644X
- Release Date : 06 December 2012
- PDF File Size : 33,7 Mb
- Language : English
- Rating : 4/5 from 21 reviews
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