IS-LM and Monetarism

This paper discusses monetarist objections to the IS-LM model. We explore the views of two principal spokesmen for monetarism: Milton Friedman and the team of Karl Brunner and Allan Meltzer. Friedman did not explicitly state the reasons he generally chose not to use the IS-LM model in rejecting

本文探讨了货币主义学派对IS-LM模型的批判意见。本文着重梳理了货币主义两大核心代表人物的观点：米尔顿·弗里德曼（Milton Friedman）以及卡尔·布伦纳（Karl Brunner）与艾伦·梅尔泽（Allan Meltzer）组成的研究团队。弗里德曼并未明确阐释其在拒斥该模型时，普遍选择不采用IS-LM框架的具体缘由。