Journal ArticleDOI
Fiscal Policy in IS-LM Analysis: A Correction
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This article is published in Journal of Money, Credit and Banking.The article was published on 1970-11-01. It has received 91 citations till now. The article focuses on the topics: Fiscal union & Fiscal imbalance.read more
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Government Financing Constraint, Wealth Effects and External Balances: Reply
Eden S. H. Yu,Leonard F.S. Wang +1 more
TL;DR: In this article, Eden S.H. Yu examines the effects of fiscal policy upon the balance of payments in a model including a government budget constraint and with wealth effects in the domestic private expenditure function, the trade and capital account functions of the balance-of-payments, and the demand function for money.
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Alternative U. S. Monetary and Deficit Reduction Policies for the 1980s
C. Richard Long,Mark L. Gardner +1 more
TL;DR: This paper developed a thirty-six-equation econometric model to measure the effects of deficit reduction policies and found that negative crowding in with an endogenous capital stock made deficit reduction policy without offsetting stimulus elsewhere costly.
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The effectiveness of fiscal policy in a keynesian-monetarist model of Canada
TL;DR: This paper presented a simple macroeconomic model that includes all of the main channels of transmission for fiscal policy and that can generate either Keynesian or monetarist results for the impact of fiscal policy depending on the values assumed for particular parameters.
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La macroeconomía IS-LM. Una retrospección teorética estilizada
TL;DR: This article present a retrospectiva estilizada of the macroeconomia IS/LM, situando su estado de cosas dentro de la disciplina, en terminos de su evolucion, genealogia, and transformación in la corriente dominante de la macroeconomía.
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The crowding‐out controversy: an examination of its present state
TL;DR: In this paper, no leakages from the system to reduce the total impact are assumed, so that in reality the multiplier is considered to fall short of (1/1b).