Finding 7881Emerging EvidenceValidation V0
Paper argues IS--LM misrepresents economies, proposing an IS--IR model with a horizontal policy-rate line and endogenous bank money. If the policy rate is exogenous, LM loses validity, overturning quantity-money views.
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Paper argues IS--LM misrepresents economies, proposing an IS--IR model with a horizontal policy-rate line and endogenous bank money. If the policy rate is exogenous, LM loses validity, overturning quantity-money views.
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Inspect source: The IS-IR Model: A Modern Macroeconomics Textbook Framework →This Finding was extracted from the configured corpus. It is versioned, traceable, and may evolve through editorial review or new corpus evidence.