This paper analyzes whether the short-run behavior of output, the interest rate, and the price level in the U.S., Germany, France, the U.K., and Italy follows the qualitative predictions of the IS-LM ...

A few days ago, Tressie McMillan Cottom published an insightful article in The Times about the power of “folk economics” — which she defined as “the very human impulse to describe complex economic ...

This paper introduces a new curve in the familiar IS-LM graph. The points on this curve correspond to long run equilibria in the capital and labor factor markets. A graphical analysis is developed to ...