Paul defends the IS-LM model. I concord completely!
In roughly circles, in that place is instantly a force to skip the IS-LM model inwards intermediate macro courses as well as learn students to a greater extent than modern dynamic macro. Like Paul, I mean value that is a mistake. In my intermediate macro book, I get got added a chapter alongside a dynamic macro model (which one might consider a infant DSGE model). But students are best equipped to appreciate this model afterwards they empathise IS-LM logic.
Updates: mankiw-the-is-lm-model">Mark Thoma reminds me that I get got written on this topic before. Steve Landsburg weighs in. Sumber https://gregmankiw.blogspot.com/
In roughly circles, in that place is instantly a force to skip the IS-LM model inwards intermediate macro courses as well as learn students to a greater extent than modern dynamic macro. Like Paul, I mean value that is a mistake. In my intermediate macro book, I get got added a chapter alongside a dynamic macro model (which one might consider a infant DSGE model). But students are best equipped to appreciate this model afterwards they empathise IS-LM logic.
Updates: mankiw-the-is-lm-model">Mark Thoma reminds me that I get got written on this topic before. Steve Landsburg weighs in. Sumber https://gregmankiw.blogspot.com/
