Keynesian Macroeconomics without the lm curve



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JEP Spring00

von Hagen, Ju
¨rgen.
1995. “Inflation and Mon-
etary Targeting in Germany,” in
Inflation Targets.
Leiderman, Leonardo, and Lars E. O. Svensson,
eds. London: Centre for Economic Policy Re-
search, pp. 107–121.
Keynesian Macroeconomics without the LM Curve
169


170
Journal of Economic Perspectives

Document Outline

  • Keynesian Macroeconomics without the LM Curve
    • The IS-LM Model
    • The IS-MP-IA Model
      • Monetary Policy
      • Advantage 1.
      • Advantage 2.
      • Advantage 3.
      • The IS-MP and AD-IA Diagrams
      • Advantage 4.
      • Advantage 5.
      • Advantage 6.
      • The Money Market
      • Advantage 7.
      • Advantage 8.
      • The Open Economy
      • Advantage 9.
      • Advantage 10.
      • Advantage 11.
    • Other Possibilities
      • An Upward-Sloping MP Curve
      • An Expectations-Augmented Aggregate Supply Curve
      • A Money Market Equilibrium Curve
      • A More Complicated View of Financial Markets
    • Conclusion
    • References

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