Lecture 11: The IS-LM-PC Model

MIT 14.02 Principles of Macroeconomics, Spring 2023 Instructor: Ricardo J. Caballero View the complete course: https://ocw.mit.edu/courses/14-02-principles-of-macroeconomics-spring-2023/ YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62EXoZ4B3_Ob7lRRwpGQxkb The IS (Investment Saving), LM (Liquidity Preference- Money Supply), and PC (Philips Curve) Model looks at the dynamics of output and inflation. It relates to the central bank policy decision to adjust the inflation and real interest rate in the economy. License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.