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

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  • Barbora Voln'a

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.

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  • Barbora Voln'a, 2012. "Can we explain unexpected fluctuations of long-term real interest rate?," Papers 1211.2709, arXiv.org, revised Mar 2019.
    • Handle: RePEc:arx:papers:1211.2709
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    References listed on IDEAS

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    1. De Cesare, Luigi & Sportelli, Mario, 2005. "A dynamic IS-LM model with delayed taxation revenues," Chaos, Solitons & Fractals, Elsevier, vol. 25(1), pages 233-244.
    2. Wei-Bin Zhang, 2005. "Differential Equations, Bifurcations, and Chaos in Economics," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 5827, February.
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