01712cas a2200241 a 4500 AALejournalIMF017648 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484300619 1018-5941 BD-DhAAL BD-DhAAL Tanner, Evan. The Algebraic Galaxy of Simple Macroeconomic Models : A Hitchhiker's Guide / Evan Tanner. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (41 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Simple macroeconomic frameworks like the IS/LM have survived because they help us conceptualize complex problems while also providing 'back of the envelope' estimates of macroeconomic outcomes. Herein, a bare-bones New Keynesian extension of the IS/LM model yields solutions for core macro variables (output gap, inflation, interest rate, real exchange rate misvaluation)-expressed in percent. We then extend that standard model to also generate a corresponding set of demand-side elements-expressed in currency units. A key aim of the paper is to reconcile these two metrics in ways that also aid communication and intuition-including through IS/LM-style graphs. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2017/123 Full text available on IMF http://elibrary.imf.org/view/journals/001/2017/123/001.2017.issue-123-en.xml IMF e-Library