IS-LM and Modern Macroeconomics edited by Warren Young, Ben-Zion Zilberfarb.
IS-LM is perhaps the prime example of ̀cognitive dissonance' in economics, and is problematic to many economists. On the one hand, the IS-LM model is still taught by many academic economists or they use it to derive the AD-AS approach. On the other hand, the same economists realize the limitati...
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