The Strange Persistence of the IS-LM Model

@article{Colander2004TheSP,
  title={The Strange Persistence of the IS-LM Model},
  author={David C. Colander},
  journal={History of Political Economy},
  year={2004},
  volume={36},
  pages={305 - 322}
}
Why has the IS-LM model persisted? In this essay I consider that question, along with the related, and in some ways more interesting, question of how the use of the IS-LM model has changed over time. I begin with some general issues about the persistence of IS-LM and how its treatment has changed, presenting some bibliometric evidence about the appearance of IS-LM in the literature over the last forty years. Then I look specifically at how the treatment of IS-LM has evolved from the 1960s until… Expand

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