This paper analyzes whether the short-run behavior of output, the interest rate, and the price level in the U.S., Germany, France, the U.K., and Italy follows the qualitative predictions of the IS-LM ...

Simply sign up to the Central banks myFT Digest -- delivered directly to your inbox. Manmohan Singh is a senior economist at the IMF. The views below are his own, rather than that of the IMF or its ...

Economic Theory, Vol. 21, No. 2/3, Symposium in Honor of Mordecai Kurz (Mar., 2003), pp. 347-397 (51 pages) We build a one-period general equilibrium model with money. Equilibrium exists, and fiat ...

We’ll send you a myFT Daily Digest email rounding up the latest Central banks news every morning. Manmohan Singh is a senior economist at the IMF. The views below are his own, rather than that of the ...