IS-LM Simulations Panel in Economics

José Manuel Cazorla Artiles, member of the EITT, has developed this simulation platform based on the Mundell-Fleming model, in which an open economy with perfect capital mobility is proposed, considering both fixed and flexible exchange rate scenarios.

The platform supports the International Macroeconomics subject of the Degree in Economics at the University of Las Palmas de Gran Canaria, as it allows the user to interact with it, establishing different economic policy scenarios and checking the results. The results shown are: the graphs of the IS-LM balance and the trade balance; and the main macroeconomic indicators before and after the change of scenery. In this way, the effectiveness of the different economic policies can be verified.

Access to the application