Ábel, István; Siklos, Pierre L. - In: Risks : open access journal 11 (2023) 11, pp. 1-26
Changes in interest rates, inflation, and exchange rates are the main components of macroeconomic risks (financial … monetary policy approaches taken in the Czech Republic, Hungary, and Poland until the pandemic. We provide a simple theoretical … form of flexible inflation targeting (FIT). It is characterized by an explicit concern over exchange rates. The empirical …