IS–LM model, or Hicks–Hansen model, is a two-dimensional macroeconomic model which is used as a pedagogical tool in macroeconomic teaching. The IS–LM...
29 KB (3,742 words) - 10:17, 1 July 2025
The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model), is an economic model first set forth (independently) by Robert Mundell...
25 KB (3,789 words) - 08:44, 18 July 2025
The Lexus LM is a luxury MPV produced and manufactured by Japanese brand Lexus, a luxury division of Toyota. Introduced in 2019 as the first minivan from...
24 KB (1,831 words) - 02:00, 6 July 2025
Macroeconomics (category Short description is different from Wikidata)
theoretical models include short-term models like the Keynesian cross, the IS–LM model and the Mundell–Fleming model, medium-term models like the AD–AS model, building...
66 KB (7,913 words) - 13:45, 20 July 2025
PaLM (Pathways Language Model) is a 540 billion-parameter dense decoder-only transformer-based large language model (LLM) developed by Google AI. Researchers...
13 KB (807 words) - 13:21, 13 April 2025
Look up LM or lm in Wiktionary, the free dictionary. The abbreviation LM or lm may refer to: County Leitrim, Ireland (vehicle plate code LM) Le Mans,...
3 KB (452 words) - 11:20, 22 July 2025
Money supply (category Short description is different from Wikidata)
both built on this premise: the Keynesian IS-LM model and the monetarist quantity theory of money. The IS-LM model was introduced by John Hicks in 1937 to...
48 KB (5,432 words) - 10:21, 25 May 2025
Keynesian economics (section The IS–LM model)
schedule of the marginal efficiency of capital. The IS-LM model uses two equations to express Keynes' model. The first, now written I (Y, r ) = S (Y,r ), expresses...
108 KB (13,333 words) - 04:44, 12 July 2025
Investment—Saving, a curve in the IS/LM model of economics IRS Airlines (IATA code) Island Airlines (IATA code) Is, the third-person singular present...
5 KB (612 words) - 03:31, 8 July 2025
Liquidity trap (category Short description is different from Wikidata)
out in the works of British economist John Hicks, who published the IS–LM model representing Keynes's system. Nobel laureate Paul Krugman, in his work...
20 KB (2,202 words) - 10:50, 25 May 2025
Mr. Keynes and the "Classics" (section The IS-LM model)
Theory to be as static as Hicks portrayed it. James Tobin described the IS-LM model as: ... the tool of first resort. If you are faced with a problem of...
42 KB (6,167 words) - 16:47, 4 February 2024
level. Thus, the "IS–LM–AS model", graphically depicted as an aggregate supply curve together with a curve combining the IS and LM curves and called an...
22 KB (2,853 words) - 10:23, 1 July 2025
examples includes the IS–LM model, the Mundell–Fleming model, the RBC model, and the New Keynesian model. The phrase "tinker-toy model" is also used,[citation...
5 KB (610 words) - 06:50, 9 July 2025
short-run movements. Greg Mankiw maintains the IS/MP model has "quirky features". Mankiw prefers the IS–LM model, for, according to him, it focuses on "important...
3 KB (365 words) - 10:23, 14 March 2025
etc. For example, Google PaLM model was fine-tuned into a multimodal model and applied to robotic control. LLaMA models have also been turned multimodal...
134 KB (14,141 words) - 05:03, 27 July 2025
Exogenous and endogenous variables (category Economics models)
correlated with the error term in the econometric model, while an exogenous variable is not. In the LM model of interest rate determination,: pp. 261–7 the...
3 KB (351 words) - 00:17, 30 October 2023
The aggregate demand–inflation adjustment model builds on the concepts of the IS–LM model and the AD–AS models, essentially in terms of changing interest...
3 KB (420 words) - 16:47, 14 November 2023
Aggregate demand (category Short description is different from Wikidata)
The Mundell–Fleming exchange-rate effect is an extension of the IS–LM model. Whereas the traditional IS-LM Model deals with a closed economy, Mundell–Fleming...
21 KB (2,867 words) - 02:14, 30 January 2025
texts.[citation needed] The textbook also makes a radical break with IS-LM model and proposes an operationalizable alternative. Similar to the way macroeconomic...
2 KB (200 words) - 13:54, 27 June 2025
John Hicks (category Short description is different from Wikidata)
were his statement of consumer demand theory in microeconomics, and the IS–LM model (1937), which summarised a Keynesian view of macroeconomics. His book...
16 KB (1,598 words) - 16:10, 6 September 2024
basis for the IS-LM model. In an additional effort to quantify the hypotheses derived from theoretical models, macro-econometric models were created....
37 KB (4,775 words) - 09:23, 18 July 2025
Gemini is a family of multimodal large language models (LLMs) developed by Google DeepMind, and the successor to LaMDA and PaLM 2. Comprising Gemini Ultra...
64 KB (5,017 words) - 19:20, 25 July 2025
international trade Black–Scholes model of option pricing AD–AS model a macroeconomic model of aggregate demand– and supply IS–LM model the relationship between...
30 KB (3,862 words) - 16:59, 24 September 2024
P . {\displaystyle L(Y,i)=M/P.} This is the familiar IS-LM model. Like the classical approach, the IS-LM model contains an equilibrium condition that...
7 KB (948 words) - 07:58, 21 October 2024
Fiscal policy (category Short description is different from Wikidata)
shifts the LM curve back, and thus, returning the general equilibrium to the original full employment (FE) level. Therefore, the IS-LM model shows that...
21 KB (2,623 words) - 12:28, 24 June 2025
Alvin Hansen (category Short description is different from Wikidata)
The General Theory. He helped develop with John Hicks the IS–LM model (or Hicks–Hansen model), a mathematical representation of Keynesian macroeconomic...
17 KB (1,991 words) - 08:16, 13 September 2024
classical economists or to render his concepts with mathematical models like the IS–LM model (which, they argue, distort Keynes's ideas). Keynes began to...
193 KB (21,403 words) - 08:31, 20 July 2025
model (LLM) is a type of machine learning model designed for natural language processing tasks such as language generation. LLMs are language models with...
64 KB (3,353 words) - 15:04, 24 July 2025
Economics (category Short description is different from Wikidata)
economics is that, in some situations, no strong automatic mechanism moves output and employment towards full employment levels. John Hicks' IS/LM model has...
176 KB (17,980 words) - 22:10, 26 July 2025
List of countries by foreign-exchange reserves (category Short description is different from Wikidata)
figure, which is usually more accurately termed as official reserves or international reserves or official international reserves, is more readily available...
131 KB (6,696 words) - 18:59, 4 July 2025