Baxa, Jaromír; Horváth, Roman; Vasícek, Borek - Departament d'Economia Aplicada, Universitat Autònoma … - 2010
We examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New … countries, albeit the importance of exchange rate diminishes after the adoption of inflation targeting. Third, the response of … interest rates on inflation is particularly strong during the periods, when central bankers want to break the record of high …