Karol, Szomolányi; Martin, Lukáčik; Adriana, … - In: Politická ekonomie 2011 (2011) 1, pp. 47-57
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...