TY  - BOOK
AU  - Tanner,Evan C.
TI  - The Algebraic Galaxy of Simple Macroeconomic Models: a hitchhiker's guide 
T2  - IMF working paper
SN  - 9781484302026
AV  - HB172.5 
U1  - 339 23
PY  - 2017///
CY  - Washington, D. C.
PB  - International Monetary Fund
KW  - Macroeconomics
KW  - Econometric models
KW  - BUSINESS & ECONOMICS / Economics / Macroeconomics
KW  - bisacsh
KW  - POLITICAL SCIENCE / Economic Conditions
KW  - Electronic books
N1  - Includes bibliographical references and index
N2  - Simple macroeconomic frameworks like the IS/LM have survived because they help us conceptualize complex problems while also providing 'back of the envelope' estimates of macroeconomic outcomes. Herein, a bare-bones New Keynesian extension of the IS/LM model yields solutions for core macro variables (output gap, inflation, interest rate, real exchange rate misvaluation)-expressed in percent. We then extend that standard model to also generate a corresponding set of demand-side elements-expressed in currency units. A key aim of the paper is to reconcile these two metrics in ways that also aid communication and intuition-including through IS/LM-style graphs
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1529315
ER  -