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dc.contributor.authorHawkins, Raymond J.
dc.contributor.authorNguyen, Chau N.
dc.date.accessioned2019-04-12T20:13:59Z
dc.date.available2019-04-12T20:13:59Z
dc.date.issued2018-09-18
dc.identifier.citationRaymond J. Hawkins and Chau N. Nguyen (2018). Macroeconomic dynamics and the IS puzzle. Economics: The Open-Access, Open-Assessment E-Journal, 12 (2018-59): 1–13. http://dx.doi.org/10.5018/economics-ejournal.ja.2018-59en_US
dc.identifier.issn1864-6042
dc.identifier.doi10.5018/economics-ejournal
dc.identifier.urihttp://hdl.handle.net/10150/632058
dc.description.abstractThe authors solve the IS puzzle for the G7 countries. They find that five of the G7 countries have the expected significant negative relationship between the output gap and the realrate gap; the time series of the remaining two show material deviation from expected IS-curve behavior. The authors show that the observed time dependence of the interaction between the output and real-rate gaps can be represented in a parsimonious and practical manner using the theory of anelasticity that unifies partial-adjustment specifications of the IS curve.en_US
dc.language.isoenen_US
dc.publisherKIEL INST WORLD ECONOMYen_US
dc.relation.urlhttp://www.economics-ejournal.orgen_US
dc.relation.urlhttp://www.economics-ejournal.org/economics/journalarticles/2018-59en_US
dc.rights© Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).en_US
dc.rights.urihttps://creativecommons.org/licenses/by/4.0/
dc.subjectIS curveen_US
dc.subjectEuler equationen_US
dc.subjectinflationen_US
dc.subjectanelasticityen_US
dc.subjectmonetary policyen_US
dc.titleMacroeconomic dynamics and the IS puzzleen_US
dc.typeArticleen_US
dc.contributor.departmentUniv Arizona, Coll Opt Scien_US
dc.identifier.journalECONOMICS-THE OPEN ACCESS OPEN-ASSESSMENT E-JOURNALen_US
dc.description.noteOpen access journal.en_US
dc.description.collectioninformationThis item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at repository@u.library.arizona.edu.en_US
dc.eprint.versionFinal published versionen_US
dc.source.journaltitleEconomics: The Open-Access, Open-Assessment E-Journal
refterms.dateFOA2019-04-12T20:14:00Z


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© Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).
Except where otherwise noted, this item's license is described as © Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).