Fabris, Nikola; Lazić, Milena - In: Journal of Central Banking Theory and Practice 11 (2022) 2, pp. 77-96
The subject of this paper is the evaluation of monetary policy reaction function on panel data of 37 world economies, both advanced and emerging markets, during the period of 1995Q1 - 2018Q3. The paper aims to evaluate the role and importance of the exchange rate in monetary policy reaction...