ISLM: The Engine Room

  • Farrokh K. Langdana


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.


Interest Rate Central Bank Capital Investment Government Spending Aggregate Demand 
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Copyright information

© Springer Science+Business Media New York 2002

Authors and Affiliations

  • Farrokh K. Langdana
    • 1
  1. 1.Rutgers Business SchoolUSA

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