Macroeconomic dynamics and the IS puzzle
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College of Optical Sciences, University of ArizonaIssue Date
2018Metadata
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Walter de Gruyter GmbHCitation
Hawkins, R. J., & Nguyen, C. N. (2018). Macroeconomic dynamics and the IS puzzle. Economics, 12(1).Journal
EconomicsRights
Copyright © Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).Collection Information
This 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.Abstract
The 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 IScurve 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. © 2018 Raymond J. Hawkins et al., published by Sciendo.Note
Open access journalISSN
1864-6042Version
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Except where otherwise noted, this item's license is described as Copyright © Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).