A central bank reaction function is now fully embedded in risk premiums... intervention is more important than fundamentals.... (tocqueville.com)
The effects on certificate prices and fuel demand are calculated with respect to the individual reaction functions of households and carriers. (transportation.gov)
«However, using the rules as reference points and discussing why our policy may differ from these policy descriptions could go some way in helping to explain our own policy reaction function to the public.» (cnbc.com)