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- The Is-LM Model: Its Rise, Fall, and Strange Persistence
The Is-LM Model: Its Rise, Fall, and Strange Persistence
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For some twenty-five years after the end of the Second World War, the is-lm model dominated macroeconomics. With the advent of the new classical macroeconomics in the early 1970s, the dominance of the is-lm model was effectively challenged. This volume explores the rise, the fall, and the persistence of the is-lm model.
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