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The IS–LM model, or Hicks–Hansen model, is a two-dimensional macroeconomic model which is used as a pedagogical tool in macroeconomic teaching. The IS–LM model shows the relationship between interest rates and output in the short run in a closed economy.
Model Mundell–Fleming, yang juga disebut model IS-LM-BoP, adalah model ekonomi yang dibuat oleh Robert Mundell dan Marcus Fleming (tanpa mengetahui satu sama lain). Model ini merupakan lanjutan dari model IS-LM. Sementara model IS-LM terkait dengan ekonomi autarki (atau ekonomi tertutup), model Mundell–Fleming mendeskripsikan ekonomi terbuka.
Kurva IS-LM merupakan gabungan kurva IS dan LM, yang menunjukkan relasi antara tingkat suku bunga (r) dengan income (Y), dan merepresentasikan berbagai kombinasi ekuilibrium di pasar barang dan pasar uang. Dari materi terkait kurva IS dan LM yang tersaji sebelumnya, kita bisa merangkum persamaan model IS dan LM sebagai berikut:
Apr 15, 2024 · Fact checked by. Ariel Courage. What Is the IS-LM Model? The IS-LM model, which stands for “investment-saving” (IS) and “liquidity preference-money supply” (LM), is a Keynesian...
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The basis of the IS-LM model is an analysis of the money market and an analysis of the goods market, which together determine the equilibrium levels of interest rates and output in the economy, given prices. The model finds combinations of interest rates and output (GDP) such that the money market is in equilibrium. This creates the LM curve.
The Mundell–Fleming model, also known as the IS-LM-BoP model (or IS-LM-BP model ), is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming. [1] [2] The model is an extension of the IS–LM model. Whereas the traditional IS-LM model deals with economy under autarky (or a closed economy), the Mundell–Fleming ...
