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The simple IS-LM model with credit rationing. (Research Notes).

Publication: International Advances in Economic Research
Publication Date: 01-MAY-02
Format: Online
Delivery: Immediate Online Access
Full Article Title: The simple IS-LM model with credit rationing. (Research Notes).(Brief Article)

Article Excerpt
This paper examines how the effects of credit rationing can be incorporated into the simple IS-LM model. The properties of the suppressed bond market implicit in this model are derived and the implications of credit rationing on the model are analyzed. When credit rationing occurs, firms are not able...

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