Macro Musings with David Beckworth cover image

PJ Glandon on the State of Macroeconomics: Research and Pedagogy

Macro Musings with David Beckworth

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Discussion on the ISLM Model and its Usefulness in Understanding the Economy

This chapter explores the ISLM model and its role in understanding the economy. It discusses how the model allows for analysis of short run and long run dynamics and how additional features enhance its realism. The conclusion emphasizes the model's usefulness in comprehending central bankers and their speeches.

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