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Textbook Treatments of the Financial Market in the IS-LM Model |
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| Authors: | John M Barron Mark A Loewenstein |
| Institution: | 1. Purdue University;2. Bureau of Labor Statistics |
| Abstract: | Intermediate macroeconomics textbooks introduce financial markets into the IS-LM analysis but typically as a beginning-of-period consideration. Here the financial market is introduced in an end-of-period model. |
| Keywords: | classroom experiment free ride provision-point mechanism public goods |