Inflation In Poland
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Moderate Inflation In Poland
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Author : Mr.Mark E. L. Griffiths
language : en
Publisher: International Monetary Fund
Release Date : 1996-06-01
Moderate Inflation In Poland written by Mr.Mark E. L. Griffiths and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-06-01 with Business & Economics categories.
Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.
Moderate Inflation In Poland
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Author : Thierry Pujol
language : en
Publisher:
Release Date : 2006
Moderate Inflation In Poland written by Thierry Pujol and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with categories.
Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.
Moderate Inflation In Poland
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Author : Thierry Pujol
language : en
Publisher:
Release Date : 1996
Moderate Inflation In Poland written by Thierry Pujol and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with categories.
Republic Of Poland
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Author : International Monetary Fund
language : en
Publisher:
Release Date : 2015
Republic Of Poland written by International Monetary Fund and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Monetary policy categories.
This Selected Issues paper employs a suite of models to determine the main drivers of inflation in Poland. Inflation in Poland has stayed below the lower bound of the target band for about two years with external shocks adding to downward pressure during 2014. The paper provides a range of inflation forecasts to assess the likelihood of protracted low inflation. The paper considers the main factors underlying recent inflation developments and assesses the importance of first-round indirect and second-round effects of external shocks for headline inflation. Using a variety of models, the paper
Republic Of Poland
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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2015-07-14
Republic Of Poland written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-07-14 with Business & Economics categories.
This Selected Issues paper employs a suite of models to determine the main drivers of inflation in Poland. Inflation in Poland has stayed below the lower bound of the target band for about two years with external shocks adding to downward pressure during 2014. The paper provides a range of inflation forecasts to assess the likelihood of protracted low inflation. The paper considers the main factors underlying recent inflation developments and assesses the importance of first-round indirect and second-round effects of external shocks for headline inflation. Using a variety of models, the paper also provides possible forecast paths for inflation in Poland.
Inflation In Poland
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Author : Céline Allard
language : en
Publisher: International Monetary Fund
Release Date : 2007-02
Inflation In Poland written by Céline Allard and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-02 with Business & Economics categories.
This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in particular, since 1995. It finds prices have become less sensitive to domestic economic conditions as trade integration rose, possibly because monetary policy incentives increasingly shifted toward meeting price stability objectives. Quantitatively, globalization appears to have lowered Polish prices by 1⁄2 to 1 percentage point annually since 1995, substantially more than in advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in trade openness moderates.
Inflation Stabilization And Economic Transformation In Poland
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Author : Mr.Timothy D. Lane
language : en
Publisher: International Monetary Fund
Release Date : 1991-07-01
Inflation Stabilization And Economic Transformation In Poland written by Mr.Timothy D. Lane and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-07-01 with Business & Economics categories.
This paper reviews the experience of 1990, the first year of Poland’s program of stabilization and reform. The background is described, including previous reform efforts and the crisis of the late 1980s. Then the various elements of the program are discussed, including fiscal adjustment, wage controls, the possibility of an initial liquidity overhang, the exchange rate anchor, and structural reforms. The initial results of the program are assessed, and alternative explanations of the decline in output are considered.
Inflation In Poland 1945 1960
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Author : Andrzej Brzeski
language : en
Publisher:
Release Date : 1964
Inflation In Poland 1945 1960 written by Andrzej Brzeski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Inflation (Finance) categories.
Is Poland Ready For Inflation Targeting
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Author : Mr.Robert F. Westcott
language : en
Publisher: International Monetary Fund
Release Date : 1999-03-01
Is Poland Ready For Inflation Targeting written by Mr.Robert F. Westcott and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-03-01 with Business & Economics categories.
Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and other economic forces. In this paper, measures of underlying CPI inflation based upon optimal trimming concepts are developed. The sensitivity of these CPI measures to changes in a set of 25 policy and economic variables is then studied via Granger causality tests and impulse responses and a multivariate model of CPI inflation developed. The results show that a core set of variables characterize one-period-ahead underlying inflation moderately well but that statistical linkages are not yet robust.
Republic Of Poland
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1996-03-19
Republic Of Poland written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-03-19 with Business & Economics categories.
This Background Paper examines sources of net international reserve inflows for Poland. It shows that once estimate of unrecorded border trade is included, both the current and capital accounts are in surplus. The paper illustrates the methods through which estimates of unrecorded trade can be obtained. It offers a complementary view of Poland’s inflation problem from a medium-term perspective. Specifically, the paper shows that relative price adjustment, combined with indexation and inertia, has been part and parcel of Polish inflation.