The Cubic IS Curve

This is my pet project. It is a work in progress and will probably be ongoing for a long time. This page captures the posts that relate to this project.

The first post relates to the work of Mian & Sufi (2011). It gives a brief overview of the great empirical work done by these authors and highlights how this might impact on short run macro.

https://globalmacromatters.wordpress.com/2012/08/18/deleveraging-the-islm-model/

The first stage of building the new cubic model was laid out in this post:

https://globalmacromatters.wordpress.com/2012/09/22/the-cubic-is-curve-a-debt-augmented-consumption-function/

The second stage of the model was outlined in this post:

https://globalmacromatters.wordpress.com/2012/09/30/the-cubic-is-curve-debt-and-its-implications/

These are the basics of the model, but there will be more to explore in the near future. Any comments or questions welcome!

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3 responses to “The Cubic IS Curve

  1. Pingback: The VECM approach to Consumption, Wealth & Credit | globalmacromatters

  2. Pingback: It’s a weak recovery, not a jobless recovery | globalmacromatters

  3. Pingback: Adaptive Market Hypothesis, human behaviour & the Cubic IS Curve | globalmacromatters

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