IDEAS home Printed from https://ideas.repec.org/a/prs/reveco/reco_0035-2764_1985_num_36_4_408862.html
   My bibliography  Save this article

L'extension du modèle IS-LM aux différents régimes d'équilibre avec rationnement

Author

Listed:
  • Philippe Michel
  • Pierre-Yves Hénin

Abstract

[eng] A extension of the is-lm model alternative regimes of equilibria with rationing. Pierre-Yves Hénin, Philippe Michel. Recently several papers attempted to provide a bridge between IS-LM and the model of equilibria witft rationing. The current contribution set up a reformulation of IS-LM relevant for alternative regimes. Building from micro economic foundations the paper derices IS and LM curves, properly redefined. It shows a one to one correspondance between the IS-LM representation in the plane of endogeneous variables and the standard typology of regimes represented in terms of exogeneous variables. [fre] Le rapprochement entre modèle IS-LM et le schéma d'équilibre avec rationnement a fait l'objet de travaux récents. La contribution proposée présente une reformulation du modèle IS-LM valable pour les différents régimes d'équilibre avec ration­nement. L'article expose la construction des courbes IS et LM, redéfinies de manière appropriée, à partir de fondements micro-économiques, et se poursuit par une mise en correspondance de la représentation IS-LM dans le plan de variables endogènes avec la typologie traditionnelle des déséquilibres dans le plan des variables exogènes.

Suggested Citation

  • Philippe Michel & Pierre-Yves Hénin, 1985. "L'extension du modèle IS-LM aux différents régimes d'équilibre avec rationnement," Revue Économique, Programme National Persée, vol. 36(4), pages 643-668.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1985_num_36_4_408862
    DOI: 10.3406/reco.1985.408862
    Note: DOI:10.3406/reco.1985.408862
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/reco.1985.408862
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    File URL: https://www.persee.fr/doc/reco_0035-2764_1985_num_36_4_408862
    Download Restriction: Data and metadata provided by Persée are licensed under a Creative Commons "Attribution-Noncommercial-Share Alike 3.0" License http://creativecommons.org/licenses/by-nc-sa/3.0/
    File URL: https://libkey.io/10.3406/reco.1985.408862?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. James G. Witte & Jr., 1963. "The Microfoundations of the Social Investment Function," Journal of Political Economy, University of Chicago Press, vol. 71(5), pages 441-441.
    2. Tucker, Donald P, 1971. "Macroeconomic Models and the Demand for Money under Market Disequilibrium," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 3(1), pages 57-83, February.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert J. Mackay, 1972. "Monetary Policy in a Disequilibrium Model of Growth," The American Economist, Sage Publications, vol. 16(1), pages 77-95, March.
    2. Plassard, Romain, 2022. "Diagnosing unemployment: the dual project of the ENSAE's band," MPRA Paper 113584, University Library of Munich, Germany.
    3. Gary Smith & William C. Brainard, 1979. "Disequilibrium Models of Financial Institutions," Cowles Foundation Discussion Papers 535, Cowles Foundation for Research in Economics, Yale University.
    4. Richard W. Kopcke, 1995. "Tobin's Q, economic rents, and the optimal stock of capital," Working Papers 95-4, Federal Reserve Bank of Boston.
    5. Samuel G. Ross, 1972. "Monetary Policy in a Disequilibrium Model of Growth: Comment," The American Economist, Sage Publications, vol. 16(1), pages 96-101, March.
    6. Alan Rabin & E. Bruce Hutchinson & John Abraham, 1987. "The Neglected Market," Eastern Economic Journal, Eastern Economic Association, vol. 13(2), pages 137-142, Apr-Jun.
    7. Richard W. Kopcke, 1991. "Economic rents, the demand for capital, and financial structure," Working Papers 91-8, Federal Reserve Bank of Boston.
    8. Mark Ladenson, 2007. "Monetary Theory," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 35(2), pages 249-254, June.
    9. Leland Yeager & Alan Rabin, 1997. "Monetary aspects of Walras's law and the stock-flow problem," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 25(1), pages 18-36, March.
    10. George H. Blackford, 1975. "Money and Walras' Law in the General Theory of Market Disequilibrium," Eastern Economic Journal, Eastern Economic Association, vol. 2(1), pages 1-9, January.
    11. James M. Poterba, 1980. "Inflation, Income Taxes, and Owner-Occupied Housing," NBER Working Papers 0553, National Bureau of Economic Research, Inc.
    12. Fabio Petri, 2013. "Neglected implications of neoclassical capital-labour substitution for investment theory:another criticism of Say's Law," Department of Economics University of Siena 687, Department of Economics, University of Siena.
    13. Michael Salinger & Lawrence H. Summers, 1983. "Tax Reform and Corporate Investment: A Microeconometric Simulation Study," NBER Chapters, in: Behavioral Simulation Methods in Tax Policy Analysis, pages 247-288, National Bureau of Economic Research, Inc.
    14. Richard Berner, 1976. "The goods market and the labor market of the multi-country model," International Finance Discussion Papers 97, Board of Governors of the Federal Reserve System (U.S.).
    15. Rouzier, Philippe, 1978. "L’approche séquentielle du déséquilibre dans les modèles de stocks et de flux," L'Actualité Economique, Société Canadienne de Science Economique, vol. 54(2), pages 234-248, avril-jui.
    16. Habib Ahmed & C. Paul Hallwood & Stephen M. Miller, 1997. "Monetary Policy in a Portfolio Balance Model with Endogenous Physical Capital," Working papers 1997-08, University of Connecticut, Department of Economics.
    17. Michael W. Keran & Stephen Zeldes, 1980. "Effects of monetary disturbances on exchange rates, inflation and interest rates," Economic Review, Federal Reserve Bank of San Francisco, issue Spr, pages 7-29.
    18. Chun-Yan Wang & Leonard Wang, 1985. "Currency devaluation and the Cooper paradox in the open-economy macro-disequilibrium model," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 121(4), pages 628-637, December.
    19. Shafik, Nemat, 1990. "Modeling investment behavior in developing countries : an application to Egypt," Policy Research Working Paper Series 452, The World Bank.
    20. Chorng-Huey Wong & Øystein Pettersen, 1979. "Financial programming in the framework of optimal control," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 115(1), pages 20-37, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:reveco:reco_0035-2764_1985_num_36_4_408862. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/reco .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.