Download or read book Moderate Inflation in Poland written by Mr.Mark E. L. Griffiths and published by International Monetary Fund. This book was released on 1996-06-01 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Moderate Inflation in Poland written by Thierry Pujol and published by . This book was released on 2006 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inflation in Poland written by Céline Allard and published by International Monetary Fund. This book was released on 2007-02 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Republic of Poland written by International Monetary Fund and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Moderate Inflation in Poland written by Thierry Pujol and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Poland written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2015-07-14 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inflation Stabilization and Economic Transformation in Poland written by Mr.Timothy D. Lane and published by International Monetary Fund. This book was released on 1991-07-01 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Is Poland Ready for Inflation Targeting written by Mr.Robert F. Westcott and published by International Monetary Fund. This book was released on 1999-03-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inflation in Poland Nineteen Hundred and Forty Five to Nineteen Hundred and Sixty written by Andrzej Brzeski and published by . This book was released on 1979 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-03-19 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Inflation in Poland 1945 1960 written by Andrzej Brzeski and published by . This book was released on 1964 with total page 1022 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 1997-04-30 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews economic developments in Poland during 1995–96. The focus is on macroeconomic developments in the real, fiscal, monetary, and external sectors, respectively, while structural policies are also reviewed. The paper examines the Polish tax system, the exchange and trade system, and poverty. It highlights that in 1996, Poland experienced its fifth consecutive year of economic growth. From late 1993 to about mid-1995, inflation remained in the 30–35 percent range as large external surpluses weakened monetary control.
Download or read book Inflation stabilization in Poland a year after written by Grzegorz W. Kołodko and published by . This book was released on 1991 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Poland Between Inflation and Stabilization 1924 1927 written by Zbigniew Landau and published by . This book was released on 1984 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Developement of Prices in Poland Some Remarks on Problems of Measuring Inflation in a Transition Economy written by Anna Król and published by . This book was released on 2014 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the early nineties Poland's accession to the European Union and integration with EU economy has been a priority and one of strategic goals of the government's foreign policy. It was an enormous challenge and meeting it required fulfillment of numerous membership criteria, mainly in the field of adjusting Polish legislation. Today, after EU enlargement, Poland being a full-fledged member of it is expected to take the next steps like joining Monetary Union and adopting Single Currency. Obviously this means that Poland must fulfill the convergence criteria set out in the Maastricht Treaty, one of which is adequate inflation rate.The article presents an subjective overview of problems in measuring inflation in a transition economy.
Download or read book Non accelerating Wage Inflation Rate of Unemployment in Poland written by Katarzyna B. Budnik and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inflation Targeting in Poland written by Anna Berenika Filipiak and published by . This book was released on 2005 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt:
