IS-ILM : uma história?
By: ANDRADE, Alexandre Augusto Seijas de
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Contributor(s): MAGALHÃES, Matheus Albergaria de.
Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 2004Revista de Economia Política = Brazilian Journal of Political Economy 24, 4 , p. 523-542Abstract: For some economists, the IS-LM model is already past, corresponding to a remote phase of the history of economic thought. In this paper, we try to demonstrate that this is not necessarily true. At the same time, we take advantage of the models longevity to provide a brief account of some events in Macroeconomics. Also, we call attention for the increasing differences between academic and practical macroeconomists, a fact that may indicate the existence of problems pertaining to teaching and applications in the field. Despite all the models flaws, we believe that it hasnt entered to the hall of historical icons of Economics yet and it may still be useful, at least in the sense of training younger generations of students with basic macroeconomic concepts
For some economists, the IS-LM model is already past, corresponding to a remote phase of the history of economic thought. In this paper, we try to demonstrate that this is not necessarily true. At the same time, we take advantage of the models longevity to provide a brief account of some events in Macroeconomics. Also, we call attention for the increasing differences between academic and practical macroeconomists, a fact that may indicate the existence of problems pertaining to teaching and applications in the field. Despite all the models flaws, we believe that it hasnt entered to the hall of historical icons of Economics yet and it may still be useful, at least in the sense of training younger generations of students with basic macroeconomic concepts
v. 24, n. 4(96)
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