IS-LM curve in the 2000-2020 period: Some recommendations on macroeconomic policies and digital economic development in Vietnam

Authors

  • PHAM QUOC KHANH

Keywords:

IS-Investment and Saving; LM- Liquidity Preference and Money Supply; Digital economy; Macroeconomic executives.

Abstract

The socio-economic development strategy for the 2021-2030 period with a vision to 2045 requires the proactive and flexible governance of the Government, especially in macroeconomic executives and digital economic development policies. The IS-LM model is one of the many approaches of economists in research to make recommendations on economic policies and governance of Governments.

The following research focuses on developing and analyzing the IS-LM curve in the 2000-2020 period of Vietnam to serve as a basis for recommendations and contribute to creating a scientific basis for the macroeconomic executives of the Government. The research results help to point out recommendations related to the direction to operate monetary policy, financial policy and priorities related to sectors / areas that support digital transformation, the development of the digital economy of Vietnam in the coming years.

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References

Charles, Abigail S. (2010). IS- LM Model and its Implementation to Today’s Global Economy. SSRN journal.

European Commission (2020). Digital Economy and Society Index 2020 report.

Fleming, John M. (1962). Domestic financial policies under fixed and floating exchange rates. IMF Staff Papers. 9: 369–379.

Hansen, Alvin H. (1949). Monetary Theory and Fiscal Policy. New York: McGraw-Hill Book.

Hicks, John (1980). IS-LM: An Explanation. Journal of Post Keynesian Economics.

Lạng, N.T. (2020). Economy restructuring and coordination efforts of monetary and fiscal policy. Financial Times (Vietnam).

Mankiw, N.Gregory (2010). Principles of macroeconomics. Cengage Learning.

Minh, N.K. (2002). Methods of analysis and forecasting in economics. Science and Techniques Publisher (Vietnam).

Mundell, Robert A. (1963). Capital Mobility, and Stabilization Policy under Fixed and Flexible Exchange Rates. Revue Canadienne d'Economique et de Science Politique.

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Published

2021-04-30

How to Cite

KHANH, P. Q. . (2021). IS-LM curve in the 2000-2020 period: Some recommendations on macroeconomic policies and digital economic development in Vietnam. The Journal of Contemporary Issues in Business and Government, 27(2), 704–717. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/980

Issue

Vol. 27 No. 2 (2021): The journal of contemporary issues in business and government

Section

Articles

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