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Permalink : https://petit.lib.yamaguchi-u.ac.jp/9405
山口経済学雑誌 Volume 55 Issue 5
published_at 2007-03
A macroeconomic model including deposit market, credit market and bond market
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
About This Article
Descriptions
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.
Other Article
PP. 555 - 571
PP. 573 - 595
PP. 605 - 631
PP. 633 - 657