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Barron, John M.; Lowenstein, Mark A. – Journal of Economic Education, 1996
Criticizes the beginning of period version of the IS-LM model found in most textbooks. Argues that this model fails to capture the effects of the issuance of financial assets to finance current investment spending by firms and current deficit spending by the government. Recommends an end-of- period model. (MJP)
Descriptors: Academic Education, Banking, Causal Models, Economic Factors