Baxa, Jaromir; Horvath, Roman; Vasicek, Borek - Česká Národní Banka - 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 … aggressive after the adoption of inflation targeting suggesting the positive effect of this regime on anchoring inflation …