A NOTE ON IS‐LM AND STOCK ADJUSTMENT PROCESSES

Andrea Boitani; N. Christodoulakis

doi:10.1111/j.1467-999X.1989.tb00442.x

A NOTE ON IS‐LM AND STOCK ADJUSTMENT PROCESSES

Andrea Boitani^*, N. Christodoulakis

^*Autore corrispondente per questo lavoro

Risultato della ricerca: Contributo in rivista › Articolo in rivista

Abstract

A discrete‐time model of a closed economy is employed in order to introduce the whole dynamics of stock adjustments in the IS‐LM diagram. Discrete‐time modeling allows us to represent the traverse process from the initial stationary state equilibrium to the new one by means of a family of intermediary IS(t) and LM(t) curves intersecting at each t to determine the appropriate short run equilibrium. Sufficient conditions for the dynamic process to be non‐cyclical are derived under plausible assumptions. Two appendices provide the stability analysis and a numerical simulation of the model used. Copyright © 1989, Wiley Blackwell. All rights reserved

Lingua originale	English
pagine (da-a)	67-85
Numero di pagine	19
Rivista	Metroeconomica
Volume	40
DOI	https://doi.org/10.1111/j.1467-999X.1989.tb00442.x
Stato di pubblicazione	Pubblicato - 1989

Keywords

IS-LM
Stock adjustment

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AB - A discrete‐time model of a closed economy is employed in order to introduce the whole dynamics of stock adjustments in the IS‐LM diagram. Discrete‐time modeling allows us to represent the traverse process from the initial stationary state equilibrium to the new one by means of a family of intermediary IS(t) and LM(t) curves intersecting at each t to determine the appropriate short run equilibrium. Sufficient conditions for the dynamic process to be non‐cyclical are derived under plausible assumptions. Two appendices provide the stability analysis and a numerical simulation of the model used. Copyright © 1989, Wiley Blackwell. All rights reserved

KW - IS-LM

KW - Stock adjustment

KW - IS-LM

KW - Stock adjustment

UR - http://hdl.handle.net/10807/168831

U2 - 10.1111/j.1467-999X.1989.tb00442.x

DO - 10.1111/j.1467-999X.1989.tb00442.x

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VL - 40

SP - 67

EP - 85

JO - Metroeconomica

JF - Metroeconomica

ER -

A NOTE ON IS‐LM AND STOCK ADJUSTMENT PROCESSES

Abstract

Keywords

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