期刊名称：Contemporary Issues and Ideas in Social Sciences
印刷版ISSN：1817-4604
电子版ISSN：1817-4604
出版年度：2016
卷号：7
语种：English
出版社：Soc Rsch Soc Sci & Contig Disc
摘要：The IS-LM model has many flaws. It puts together both stocks and follows and, thereby, creates a serious problem of interpretation. It also does not show how expenditures are financed. It does not incorporate financial intermediaries, which play an important role in mobilizing saving into investment and generating money and credit. This paper develops an alternative model that seeks to resolve all the deficiencies of the IS-LM model mentioned above.
关键词：IS-LM model, Real Multiplier, Money Multiplier
