IS-LM Model for the US Economy: Testing in JMULTI

28 Pages Posted: 10 Oct 2011 Last revised: 18 Oct 2011

See all articles by Dushko Josheski

Dushko Josheski

University Goce Delcev

Darko Lazarov

University Goce Delcev

Cane Koteski

University Goce Delcev

Risto Fotov

University Goce Delcev

Date Written: October 10, 2011

Abstract

In this paper IS-LM model, has been introduced as time series model. Standard VAR, VECM test have been applied. Three variables that we estimated were: logarithm of real GDP (q), 3 month interbank interest rate (i), real monetary base (m). VECM mechanism shows that if the system is in disequilibrium alteration in the change of interbank interchange interest rate, log of real US gdp, and monetary base will be downward 5,5%, 4,6% and 0,4% respectively.

Keywords: IS-LM, VAR, VECM, JMULTI

JEL Classification: E60, C87

Suggested Citation

Josheski, Dushko and Lazarov, Darko and Koteski, Cane and Fotov, Risto, IS-LM Model for the US Economy: Testing in JMULTI (October 10, 2011). Available at SSRN: https://ssrn.com/abstract=1941631 or http://dx.doi.org/10.2139/ssrn.1941631

Dushko Josheski (Contact Author)

University Goce Delcev ( email )

Stip
Macedonia
+389 32 550 000 (Phone)
+389 32 390 700 (Fax)

HOME PAGE: http://www.ugd.edu.mk/

Darko Lazarov

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia
+389 550 317 (Phone)

Cane Koteski

University Goce Delcev ( email )

PO box 201
Stip, 2000
Macedonia

Risto Fotov

University Goce Delcev ( email )

Stip
Macedonia

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