IS-LM: An Inquest

Napoleon's death. An inquest

An inquiry into the multiplier process in IS - LM model

The multiplier theory is still an important analytical tool in many macroeconomic textbooks. For example, a number of textbook authors use the theory to explain the process of growth in goods market by expanding the multiplier process into a geometric series, and thus obtain the route of economic growth. Then some students raise an interesting question: Can we induce the dynamics of the monetar...

The coroner's inquest.

(a) He can make no effective ruling as to the steps any doctor should take in relation to any patient before death—even where that death, when it occurs, will fall within the coroner's jurisdiction; (b) He may indicate—as anyone else may—the type of deaths which he wishes to be reported to him—for example all deaths within 24 h of any operation, but there is no legal requirement upon anyone to ...

From inquest to insight.

BACKGROUND In March 1995, The Chief Medical Examiner, Province of Manitoba, ordered an inquest into the deaths of 12 children who died in 1994 while undergoing or shortly after having undergone cardiac surgery at Health Sciences Centre in Winnipeg, Manitoba, Canada. The inquest spanned over five years, and resulted in almost 50,000 pages of transcript, including the testimony of more than 80 wi...

Post Walrasian Macroeconomics and IS / LM Analysis

In recent work I have tried to spell out a Post Walrasian approach to macroeconomics (Colander, 1995a) and to translate that Post Walrasian vision into the aggregate supply/aggregate demand framework (Colander, 1995b). In this paper I continue that work and begin to relate the Post Walrasian vision to the standard IS/LM analysis. The paper is not about high theory; instead it is about the pedag...