Politická ekonomie 2011, 59(1):47-57 | DOI: 10.18267/j.polek.771

Vplyv monetárneho zásahu v rámci IS-LM modelu s dynamickou úpravou cien a adaptívnymi očakávaniami

Szomolányi Karol, Lukáčik Martin, Lukáčiková Adriana
Ekonomická univerzita v Bratislavě.

Effect of Monetary Intervention in the Frame of IS-LM Model with Dynamic Price Adjustment and Adaptive Expectations

An assumption that a central bank can influence the real interest rates is the object of our interest. In the paper we form and solve a model which corresponds to Romer's (2000) assumptions. Our model is IS-LM augmented by a conception of price-adjusting after monetary intervention and inflation expectations. A monetary policy rule is derived from the model. Moreover, it offers a demonstration of economic behaviour by different economic assumptions of different economic schools, similar to one in the book of Heijdra (2002).

Keywords: monetary policy, IS-LM model dynamics, neutrality of the money, economic schools
JEL classification: B41, C30, E58

Published: February 1, 2011  Show citation

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Karol, S., Martin, L., & Adriana, L. (2011). Effect of Monetary Intervention in the Frame of IS-LM Model with Dynamic Price Adjustment and Adaptive Expectations. Politická ekonomie, 59(1), 47-57. doi: 10.18267/j.polek.771
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