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

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  • Economics


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.

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