AffiliationCollege of Optical Sciences, University of Arizona
MetadataShow full item record
PublisherWalter de Gruyter GmbH
CitationHawkins, R. J., & Nguyen, C. N. (2018). Macroeconomic dynamics and the IS puzzle. Economics, 12(1).
RightsCopyright © Author(s) 2018. Licensed under the Creative Commons License - Attribution 4.0 International (CC BY 4.0).
Collection InformationThis 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 email@example.com.
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 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.
NoteOpen access journal
VersionFinal published version
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).