The Algebraic Galaxy of Simple Macroeconomic Models

A Hitchhiker’s Guide

The Algebraic Galaxy of Simple Macroeconomic Models
Simple macroeconomic frameworks like the IS/LM have survived because they help us conceptualize complex problems while also providing ‘back of the envelope’ estimates of macroeconomic outcomes. Herein, a bare-bones New Keynesian extension of the IS/LM model yields solutions for core macro variables (output gap, inflation, interest rate, real... READ MORE...

Publication date: May 2017
ISBN 9781484300619
$18.00

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