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Textbook Treatments of the Financial Market in the IS-LM Model

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  • John M. Barron
  • Mark A. Loewenstein

Abstract

Intermediate macroeconomics textbooks introduce financial markets into the IS-LM analysis but typically as a beginning-of-period consideration. Here the financial market is introduced in an end-of-period model.

Suggested Citation

  • John M. Barron & Mark A. Loewenstein, 1996. "Textbook Treatments of the Financial Market in the IS-LM Model," The Journal of Economic Education, Taylor & Francis Journals, vol. 27(2), pages 156-169, April.
    • Handle: RePEc:taf:jeduce:v:27:y:1996:i:2:p:156-169
    DOI: 10.1080/00220485.1996.10844905
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    References listed on IDEAS

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    1. Foley, Duncan K, 1975. "On Two Specifications of Asset Equilibrium in Macroeconomic Models," Journal of Political Economy, University of Chicago Press, vol. 83(2), pages 303-324, April.
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