A Simple Non-Graphical Presentation of Fiscal and Monetary Policies in the IS/LM Model Using Only Reductio Ad Absurdum Arguments
Posted: 12 Jan 2004
This paper presents an analysis of fiscal and monetary policies in the IS/LM model that relies only on simple reductio ad absurdum arguments. It is done in a version of the IS/LM model which is rather general, without using differential calculus or linear algebra.
JEL Classification: A22, A23, E12, E6
Suggested Citation: Suggested Citation