WHEN The Economist's economics editor studied macroeconomics in the 1970s, the basic model for understanding swings in demand was the so-called IS-LM framework, invented by Sir John Hicks in 1937 as ...
https://doi.org/10.2307/1183151 • https://www.jstor.org/stable/1183151 Copy URL The "IS-LM" model provides the typical textbook framework to analyze the ...
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