Abstract
The preceding chapters have included definitions and analyses of discrete components and aspects of the macroeconomy. We discussed the goods market and the multiplier effect in some detail, before exploring overheating and soft and hard landings using AD-AS analysis. The previous chapter included a fairly detailed study of calamitous hyperinflations, and ended with a discussion of the intertemporal and expectational influences underlying long-term interest rates.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2002 Springer Science+Business Media New York
About this chapter
Cite this chapter
Langdana, F.K. (2002). ISLM: The Engine Room. In: Macroeconomic Policy. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3646-5_7
Download citation
DOI: https://doi.org/10.1007/978-1-4757-3646-5_7
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4757-3648-9
Online ISBN: 978-1-4757-3646-5
eBook Packages: Springer Book Archive