Umada Tetsuji
Affiliate Master
Yamaguchi University
A macroeconomic model including deposit market, credit market and bond market
山口経済学雑誌 Volume 55 Issue 5
Page 535-553
published_at 2007-03
Title
預金市場, 貸付市場, 国債市場を考慮したマクロ経済モデル
A macroeconomic model including deposit market, credit market and bond market
Source Identifiers
IS-LM model is usually used in macroeconomic analysis. But LM Curve is difficult to understand intuitively. In the real world the loan rate determine the investment and bond yield determine the demand for money. But IS-LM model uses the only one interest rate. That confuses us. I present a new macroeconomic model, in which bond yield is determined at first and deposit rate and loan rate are determined simultaneously. GDP is determined last.
Languages
jpn
Resource Type
departmental bulletin paper
Publishers
山口大學經濟學會
Date Issued
2007-03
File Version
Version of Record
Access Rights
open access
Relations
[ISSN]0513-1758
[NCID]AN00243258
[isVersionOf]
[URI]http://ci.nii.ac.jp/vol_issue/nels/AN00243258_jp.html
Schools
経済学部