Can we explain unexpected fluctuations of long-term real interest rate?

Barbora Voln\'a

Papers from arXiv.org

Abstract: In this paper, we present own point of view how the unexpected fluctuations of the long-term real interest rate can be explained. We describe a macroeconomic environment by the modification of the fundamental macroeconomic equilibrium model called the IS-LM model. Last but not least, we suggest a possible cooperation between the fiscal and monetary policy to reduce these fluctuations. Our modelling is demonstrated on an illustrative example.

Date: 2012-11, Revised 2019-03
New Economics Papers: this item is included in nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:1211.2709

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