Article: article from journal or magazin.
A la poursuite du Graal : le successeur d'IS-LM est-il identifié ?
L'Actualité économique, Revue d'analyse économique
The profile of the successor to the IS-LM model starts to emerge; the identifying process and the nature of the objective one is groping for are now relatively clear. With the help of three specific experiments, a few of the likely ingredients of the new neo-classical synthesis are derived. In the end, it appears that only our imperfect knowledge of some key empirical facts keeps us away from a new consensus.
IS-LM, neo-classical synthesis, frictions, business cycle
Last modification date