https://link.springer.com/article/10.1007/s40844-020-00189-8 Reconsideration of the IS–LM model and limitations of monetary policy: a Tobin–Minsky modelToshio WatanabeEvolutionary and Institutional Economics Review (2020) The standard IS–LM model considers all types of financial assets, excluding money, as bonds. We construct a modified IS–LM model to better represent the characteristics of financial markets and investigate the stability of the economy. … Continue reading IS-LM savings+loans -Tobin-Minsky model -T Watanabe