Vašíček, Bořek - In: Economic Systems 36 (2012) 2, pp. 235-263
be described as asymmetric in three new European Union (EU) members (the Czech Republic, Hungary, and Poland) which apply …Estimated Taylor rules have become popular as a description of monetary policy conduct. There are numerous reasons why … real monetary policy can be asymmetric and estimated Taylor rules nonlinear. This paper tests whether monetary policy can …