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A la poursuite du Graal : Le successeur d'IS-LM est-il identifié ?

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  • Jean-Pierre DANTHINE

Abstract

The profile of the successor to the IS-LM model starts to emerge; the identifying process and the nature of the objective one is groping for are now relatively clear. With the help of three specific experiments, a few of the likely ingredients of the new neo-classical synthesis are derived. In the end, it appears that only our imperfect knowledge of some key empirical facts keeps us away from a new consensus.

Suggested Citation

  • Jean-Pierre DANTHINE, 1998. "A la poursuite du Graal : Le successeur d'IS-LM est-il identifié ?," Cahiers de Recherches Economiques du Département d'économie 9816, Université de Lausanne, Faculté des HEC, Département d’économie.
    • Handle: RePEc:lau:crdeep:9816
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    More about this item

    Keywords

    IS-LM; neo-classical synthesis; frictions; business cycle;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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