"Still IS-MLing After All These Years, Part 1" Featuring Paul Krugman

Video created by Paul Krugman on Feb 29, 2016

    The good old IS-LM model of output and interest rates used to be a staple both of economics teaching and of policy analysis, yet became unfashionable in the mid 2000's. The 2008 crisis however, brought the model back into its own…