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

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  • Philippe Michel
  • Pierre-Yves Hénin

Abstract

[eng] 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. [fre] Le rapprochement entre modèle IS-LM et le schéma d'équilibre avec rationnement a fait l'objet de travaux récents. La contribution proposée présente une reformulation du modèle IS-LM valable pour les différents régimes d'équilibre avec ration­nement. L'article expose la construction des courbes IS et LM, redéfinies de manière appropriée, à partir de fondements micro-économiques, et se poursuit par une mise en correspondance de la représentation IS-LM dans le plan de variables endogènes avec la typologie traditionnelle des déséquilibres dans le plan des variables exogènes.

Suggested Citation

  • Philippe Michel & Pierre-Yves Hénin, 1985. "L'extension du modèle IS-LM aux différents régimes d'équilibre avec rationnement," Revue Économique, Programme National Persée, vol. 36(4), pages 643-668.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1985_num_36_4_408862
    DOI: 10.3406/reco.1985.408862
    Note: DOI:10.3406/reco.1985.408862
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    References listed on IDEAS

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    1. James G. Witte & Jr., 1963. "The Microfoundations of the Social Investment Function," Journal of Political Economy, University of Chicago Press, vol. 71, pages 441-441.
    2. Tucker, Donald P, 1971. "Macroeconomic Models and the Demand for Money under Market Disequilibrium," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 3(1), pages 57-83, February.
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