16 April, 2003



2003 HOPE Conference:

The IS/LM Model: Its Rise, Fall and Strange Persistence


Duke University, Durham, North Carolina, April 25–27, 2003



Session 1: IS/LM in Historical Context

Friday April 25:  2 PM – 5:30 PM


Backhouse R. University of Birmingham, UK, and D. Laidler, University of Western Ontario, Canada, «What Was Lost with IS-LM?»


De Vroey M., Université catholique de Louvain, Belgium, «The History of Macroeconomics Viewed Against the Background of the Marshall-Walras Divide»


Boianovsky M. Universidade de Brasilia, Brasil, «The IS-LM Model and the Liquidity Trap Concept: from Hicks to Krugman»



Session 2: Key Players in the Development of the IS/LM Model

Saturday April 26:  9 AM – 12:30 PM


Rubin G., Université Parix-10, Nanterre, France, «Don Patinkin’s Money, Interest and Prices as the Climax of IS-LM Economics»


Dimand R., Brock University, Canada, «James Tobin and the Transformation of the IS-LM Model»


Young W., Bar-Ilan University, Israel and W. Darity, University of North-Carolina, Chapell-Hill, USA «IS-LM-BP:  An Inquest»



Session 3: The IS/LM Model and Monetary Policy

Saturday April 26:  1:30 PM – 3:30 PM


Sumner S., Bentley College, USA, «How Have Monetary Regime Changes Impacted the Popularity of IS/LM?»


Bordo M. and A. Schwartz, Rutgers University and NBER, USA,«IS-LM and Monetarism»



Session 4: Keynote Address

Saturday April 26:  4:00 PM


Lucas, R. University of Chicago, «My Keynesian Education»



Session 5: The IS/LM Model in the New Millenium

Sunday April 27:  8:30 AM – 12 Noon


Cesaroni G. and M. Messori, Council of Economic Advisers, Presidenza del Consiglio, Italy and Università di Roma ‘Tor Vergata  «Financial Constraints and Unemployment Equilibrium»


Nelson E., Bank of England, U.K., «Money and the Transmission Mechanism in the Optimizing IS-LM Specification»


Colander D., Middlebury College, USA, «The Strange Persistence of the IS-LM Model»