IS-LM模型：一个经济思想史的考察

李井奎

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November 2022

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Citation: Jingkui LI. IS-LM Model: An Investigation from the History of Economic Thought[J]. Academic Monthly, 2022, 54(8): 45-54. shu

IS-LM Model: An Investigation from the History of Economic Thought

Jingkui LI

Abstract

The IS-LM model was the dominant model of neoclassical macroeconomic models from World War II until the early 1980s, but its status has been seriously challenged since the 1980s. Although the IS-LM model is no longer the core content of the frontier research of macroeconomics, it is still an important content of elementary and even intermediate macroeconomics textbooks, and has a wide range of applications in the field of practical macroeconomic management. This paper elaborates the historical fate of the IS-LM model in detail, including its rise, decline and the reverie it brings to us in the history of economic thought. Through the changes in the thought history of this model, it reflects the century changes of macroeconomics research.
- Keynesian revolution,
- IS-LM model,
- monetarism,
- rational expectations.
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沈阳化工大学材料科学与工程学院沈阳 110142

IS-LM Model: An Investigation from the History of Economic Thought

Jingkui LI

Available Online: 2022-08-20

Abstract: The IS-LM model was the dominant model of neoclassical macroeconomic models from World War II until the early 1980s, but its status has been seriously challenged since the 1980s. Although the IS-LM model is no longer the core content of the frontier research of macroeconomics, it is still an important content of elementary and even intermediate macroeconomics textbooks, and has a wide range of applications in the field of practical macroeconomic management. This paper elaborates the historical fate of the IS-LM model in detail, including its rise, decline and the reverie it brings to us in the history of economic thought. Through the changes in the thought history of this model, it reflects the century changes of macroeconomics research.