, for their comments on the text. The usual disclaimer applies. V. Disturbances in monetary transmission mechanism in Poland during the financial crisis and assessment of transmission effectiveness ..
The exchange rate in the monetary transmission mechanism. 1 See Obstfeld, Rogoff (1995) in regard to [1], Bernanke et al. (1999) in regard to [2], Taylor (1999) in regard to [3]. In an open economy the rules of the monetary policy can take the form of the following equation:
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