Dąbrowski, Marek A.; Śmiech, Sławomir; Papież, Monika - Volkswirtschaftliche Fakultät, … - 2013
Though the hypothesis that exchange rate regimes fully predetermine monetary policy in the face of external shocks hardly finds any advocates on theoretical ground it has crept in the most of empirical research. This study adopts a more discerning empirical approach that looks at monetary policy...