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…
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…