The hypothesized precondition of freely floating interest rate implied in Classic IS-LM Pattern does not adapt to the objective reality of interest rate control in China at present.

经典IS LM模型所隐含的有关利率自由浮动的假设前提与我国目前存在的利率管制的客观现实存在着不相符合之处。

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Worries are now growing that the pattern of previous oil price shocks may be repeated: inflation, interest rate hikes and, finally, years of painful recession.

BBC: Archive