Macroeconomics today is generally taught without context. With almost no discussion of
context, the IS/LM model is presented to undergraduate students as macroeconomic theory …

The book also blazes a new trail. It is built around 'macroeconomics without the LM curve'.
The authors carefully present three-equation Taylor-rule macroeconomics, what they call the …

This paper reflects Victoria Chick's deeply held belief 'that the macroeconomics which has
followed the General Theory in time has not followed it in spirit'(1983: v). This type of …

Keynes is dead; dynamic programming; Keynes is still dead. That's the way Stanford
graduate economics students recently summed up what they had learned in their core …

In September 1936, several months after the publication of Keynes's The General Theory,
three economists made a joint presentation on that book at the Econometric Society meeting …

This paper discusses monetarist objections to the IS-LM model. We explore the views of two
principal spokesmen for monetarism: Milton Friedman and the team of Karl Brunner and …

We construct a dynamic general equilibrium model which displays the central features of the
IS–LM model, and notably an income multiplier greater than one, so that crowding out does …

First paragraph: As Claudio Sardoni in this issue points out, Giuseppe Fontana and Mark
Setterfield (2009) have edited a very interesting volume. Given the vast amounts of …

1. 生産性の上昇と紫無議環今年 1 月にニュ…・オリンズで開催された米国経済学会では, IT
が生産性上昇に寄与しているとの見方が大勢となり, IT の導入が進んでも生産性の上昇は実現され …

Keynes's IS-LM model in the General Theory, defined in (r, Y) space and contained in
chapter 21 in Part IV on pp. 298-299 of the General Theory, was derived from the underlying …