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01712cas a2200241 a 4500 |
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|c 5.00 USD
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|z 9781484300619
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|a 1018-5941
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|a BD-DhAAL
|c BD-DhAAL
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|a Tanner, Evan.
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|a The Algebraic Galaxy of Simple Macroeconomic Models :
|b A Hitchhiker's Guide /
|c Evan Tanner.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2017.
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| 300 |
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|a 1 online resource (41 pages)
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|a IMF Working Papers
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| 500 |
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Simple macroeconomic frameworks like the IS/LM have survived because they help us conceptualize complex problems while also providing 'back of the envelope' estimates of macroeconomic outcomes. Herein, a bare-bones New Keynesian extension of the IS/LM model yields solutions for core macro variables (output gap, inflation, interest rate, real exchange rate misvaluation)-expressed in percent. We then extend that standard model to also generate a corresponding set of demand-side elements-expressed in currency units. A key aim of the paper is to reconcile these two metrics in ways that also aid communication and intuition-including through IS/LM-style graphs.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2017/123
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2017/123/001.2017.issue-123-en.xml
|z IMF e-Library
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