IS-LM model

E58352
Keynesian macroeconomic model general equilibrium framework macroeconomic model

The IS-LM model is a macroeconomic framework that depicts the interaction between the goods market and the money market to determine equilibrium output and interest rates.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (7)

Label Occurrences
IS–LM model 3
IS-LM model canonical 2
IS curve 1

Statements (51)

Predicate Object
instanceOf Keynesian macroeconomic model ⓘ
general equilibrium framework ⓘ
macroeconomic model ⓘ
abbreviation IS-LM model self-linksurface differs ⓘ
surface form: IS-LM
assumes closed economy ⓘ
fixed price level ⓘ
given money supply ⓘ
interest-sensitive investment ⓘ
liquidity preference for money ⓘ
sticky prices in the short run ⓘ
basedOn Keynesian economics ⓘ
The General Theory of Employment, Interest and Money ⓘ
captures crowding out effect of fiscal policy ⓘ
liquidity trap possibility ⓘ
transmission mechanism of monetary policy ⓘ
criticizedBy New Classical macroeconomics ⓘ
surface form: New Classical economists

real business cycle theory ⓘ
surface form: Real Business Cycle theorists
criticizedFor assuming fixed price level ⓘ
neglecting expectations ⓘ
static nature ⓘ
describes interaction between goods market and money market ⓘ
determines equilibrium interest rate ⓘ
equilibrium output ⓘ
developedBy Alvin Hansen ⓘ
John R. Hicks ⓘ
surface form: John Hicks
domain macroeconomics ⓘ
equilibriumCondition intersection of IS and LM curves ⓘ
extendedBy IS-LM model self-linksurface differs ⓘ
surface form: IS-LM-BP model

Mundell-Fleming model ⓘ
fullName IS-LM model self-linksurface differs ⓘ
surface form: Investment-Saving Liquidity Preference-Money Supply model
graphicalRepresentation two-dimensional diagram with interest rate and output ⓘ
hasComponent IS-LM model self-linksurface differs ⓘ
surface form: IS curve

LM curve ⓘ
horizontalAxis real output ⓘ
introducedBy John R. Hicks ⓘ
surface form: John Hicks
introducedIn 1937 ⓘ
ISCurveRepresents combinations of interest rate and output where goods market is in equilibrium ⓘ
LMCurveRepresents combinations of interest rate and output where money market is in equilibrium ⓘ
mathematicalFormulation system of simultaneous equations for goods and money markets ⓘ
relatedConcept Keynesian economics ⓘ
surface form: Keynesian cross

aggregate demand curve ⓘ
liquidity preference theory of interest ⓘ
represents equilibrium in goods market ⓘ
equilibrium in money market ⓘ
taughtIn graduate macroeconomics courses ⓘ
undergraduate macroeconomics courses ⓘ
usedFor analysis of aggregate demand ⓘ
analysis of fiscal policy ⓘ
analysis of monetary policy ⓘ
short-run macroeconomic analysis ⓘ
verticalAxis interest rate ⓘ

How these facts were elicited

The pipeline generated the facts above by prompting gpt-5.1 with this entity's name + description and the instruction below.

Instruction
You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10.

# Requirements
- If you don't know the subject at all, return an empty list.
- If the subject is not a named entity, return an empty list.
- Include at least one triple where predicate is "instanceOf".
- Do not get too wordy.
- Separate several objects into multiple triples with one object.
Input
Subject: IS-LM model
Description of subject: The IS-LM model is a macroeconomic framework that depicts the interaction between the goods market and the money market to determine equilibrium output and interest rates.

Referenced by (10)

Full triples — surface form annotated when it differs from this entity's canonical label.

Keynesian economics → usesConcept → IS-LM model ⓘ
John R. Hicks → knownFor → IS-LM model ⓘ
this entity surface form: IS–LM model
IS-LM model → fullName → IS-LM model self-linksurface differs ⓘ
this entity surface form: Investment-Saving Liquidity Preference-Money Supply model
IS-LM model → abbreviation → IS-LM model self-linksurface differs ⓘ
this entity surface form: IS-LM
IS-LM model → hasComponent → IS-LM model self-linksurface differs ⓘ
this entity surface form: IS curve
IS-LM model → extendedBy → IS-LM model self-linksurface differs ⓘ
this entity surface form: IS-LM-BP model
neoclassical synthesis → usesModel → IS-LM model ⓘ
this entity surface form: IS–LM model
Mr. Keynes and the Classics → introducesConcept → IS-LM model ⓘ
this entity surface form: IS-LM framework
LM curve → isPartOf → IS-LM model ⓘ
this entity surface form: IS–LM model
Mundell-Fleming model → extends → IS-LM model ⓘ