Eskari agregatuaren biderkatzaileak eta IS-LM funtzioa ekonomia islamikoan

Abstract

ABSTRACT

Islamic economy is an economic system following Islamic rules. The fulfillment of these rules infers the existence of a distinctive economic model. The main features are the absence of interest rates, the existence of the ethical Zakat tax and the voluntary payment of Infaq. Interest rates are prohibited in the Koran along with usury. The ef9fects of these special features on the economy are analyzed in this work. To begin with, Zakat and Infaq make the Keynesian multipliers stronger. Therefore, the existence of these money transfers will result in a greater impact on income when one of the variables that make up aggregate demand changes. Furthermore, due to the prohibition of interest rates, it changes the macroeconomic models used today from top to bottom. In this work, an IS-LM model based on the principles of Islamic economics is proposed, and the operation of the general IS-LM-DA model is explained.