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Money Multipliers and the Slopes of IS and LM: Comment

Author

Listed:
  • Cebula, Richard

Abstract

This theoretical model investigates the implications of the slopes of LM curves and positively sloped IS curves for the size of policy multipliers. It is shown that the effectiveness of monetary policy is greater if the slope of the IS curve is greater. It also is shown that fiscal policy effectiveness is greater the flatter the LM curve is.

Suggested Citation

  • Cebula, Richard, 1984. "Money Multipliers and the Slopes of IS and LM: Comment," MPRA Paper 51515, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:51515
    as

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    File URL: https://mpra.ub.uni-muenchen.de/51515/1/MPRA_paper_51515.pdf
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    References listed on IDEAS

    as
    1. Cebula, Richard J., 1980. "IS-LM stability and economic policy effectiveness: Further observations," Journal of Macroeconomics, Elsevier, vol. 2(2), pages 181-183.
    2. Silber, William L, 1971. "Monetary Policy Effectiveness: The Case of a Positively Sloped IS Curve," Journal of Finance, American Finance Association, vol. 26(5), pages 1077-1082, December.
    3. Burrows, Paul, 1974. "The Upward Sloping IS Curve and the Control of Income and the Balance of Payments," Journal of Finance, American Finance Association, vol. 29(3), pages 955-961, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    positively sloped IS curve; monetary policy effectiveness; fiscal policy effectiveness; public finance;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation

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