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 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Moderate Inflation written by Mr.Carlo Cottarelli and published by International Monetary Fund. This book was released on 1998-07-01 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflation down to lower single digits or to achieve price stability. In these countries, inflation has stabilized at moderate levels, with further progress becoming seemingly more difficult. What are the problems created by moderate inflation? What is the appropriate speed of disinflation? These and other issues related to disinflation in transition economies are taken up in this book, edited by Carlo Cottarelli and Gyorgy Szapáry.
Download or read book Chronic Moderate Inflation in Transition The Tale of Hungary written by Janos Vincze and published by . This book was released on 1998 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Polish Economic Crisis written by Batara Simatupang and published by Routledge. This book was released on 1993-11-11 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simatupang examines the circumstances that led to the revolution of 1989, primarily the economic slump of the 1980s and the severe recession that preceeded it, and its effects on the Polish people.
Download or read book Economic Reforms and Capital Markets in Central Europe written by Ken Morita and published by Routledge. This book was released on 2017-11-30 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the economic reform of Central Europe influenced by or an influence upon capital markets? Where does globalization fit in? Ken Morita's pioneering work investigates the relationship between the systemic transition of Central European economies and capital markets, in particular the commodity futures markets and speculation.
Download or read book Poland Policies for Growth with Equity written by and published by World Bank Publications. This book was released on 1994-01-01 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic policy, conditions and stabilization.
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 2023-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Republic of Poland: Selected Issues
Download or read book OECD Economic Surveys Poland 2016 written by OECD and published by OECD Publishing. This book was released on 2016-03-22 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2016 OECD Economic Survey of the Poland examines recent economic developments, policies and prospects. The special chapters cover: Skills and migration; Transport and energy infrastructure.
Download or read book Republic of Poland written by International Monetary Fund and published by International Monetary Fund. This book was released on 2012-07-05 with total page 70 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2012 Article IV Consultation discusses that the economy of Poland fared well throughout the crisis. The growth was robust and well balanced in 2011. The banking sector remained profitable and well capitalized. Declining provisioning boosted profitability and the average capital adequacy ratio remained high at about 13 percent. Executive Directors have commended the authorities for sound macroeconomic management, which has underpinned the good performance of the Polish economy in a challenging environment. Directors have broadly supported the ongoing fiscal adjustment, which is necessary to rebuild fiscal buffers.
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 2017-07-17 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2017 Article IV Consultation highlights that Poland’s near-term growth momentum remains strong, supported by accommodative monetary and fiscal policies and sizeable European Union transfers. The economy is operating above potential, with the unemployment rate at a historical low. Growth is projected to accelerate to 3.6 percent in 2017 and remain strong in 2018. Long-term growth, however, will be more subdued, unless adverse demographics and structural constraints on investment and productivity growth are addressed. Risks to the near-term outlook are broadly balanced. Monetary policy remains accommodative, with policy rate kept at a historically low level since early 2015.
Download or read book Inflation Expectations written by Peter J. N. Sinclair and published by Routledge. This book was released on 2009-12-16 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inflation is regarded by the many as a menace that damages business and can only make life worse for households. Keeping it low depends critically on ensuring that firms and workers expect it to be low. So expectations of inflation are a key influence on national economic welfare. This collection pulls together a galaxy of world experts (including Roy Batchelor, Richard Curtin and Staffan Linden) on inflation expectations to debate different aspects of the issues involved. The main focus of the volume is on likely inflation developments. A number of factors have led practitioners and academic observers of monetary policy to place increasing emphasis recently on inflation expectations. One is the spread of inflation targeting, invented in New Zealand over 15 years ago, but now encompassing many important economies including Brazil, Canada, Israel and Great Britain. Even more significantly, the European Central Bank, the Bank of Japan and the United States Federal Bank are the leading members of another group of monetary institutions all considering or implementing moves in the same direction. A second is the large reduction in actual inflation that has been observed in most countries over the past decade or so. These considerations underscore the critical – and largely underrecognized - importance of inflation expectations. They emphasize the importance of the issues, and the great need for a volume that offers a clear, systematic treatment of them. This book, under the steely editorship of Peter Sinclair, should prove very important for policy makers and monetary economists alike.
Download or read book Die Erfahrung der Inflation im internationalen Zusammenhang und Vergleich written by William James Bouwsma and published by Walter de Gruyter. This book was released on 1984 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conference report on the history of inflation and economic reconstruction in Europe, 1914-1924 - concentrates on events in Austria, Czechoslovakia, Germany, Hungary, Poland, UK and the role of USA; includes chapters on stabilization processes, fiscal policies, monetary policies and income distribution; examines the economic role of banks and of trade; analyzes economic recession and social conflicts related to strikes, lockouts and hours of work. Graphs, references, statistical tables. Conference held in Berkeley 1982 Jul 26 to Aug 6.
Download or read book Argentina written by International Monetary Fund. Western Hemisphere Dept. and published by International Monetary Fund. This book was released on 2016-11-10 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Argentina’s investment rate which was well below the average of Latin American countries and that of a peer group of advanced and emerging market countries, with a larger gap in private investment. Raising investment prospects would be essential to boost economic activity. The administration that took office in December 2015 has emphasized the importance of generating an investor friendly environment that allows Argentina to recover some of the growth opportunities lost over the last few decades. Although quantifying the capital accumulation gap is a clearly a difficult task, one way of doing so is to look at the difference between Argentina’s capital-labor ratio and that of the selected peer group of countries. Argentina’s investment rates and capital-output ratios are also compared with estimates of their steady state values derived from standard neoclassical growth models. Argentina’s investment rate would need to increase significantly to eliminate the capital accumulation gap built during the last two decades, and this could significantly accelerate GDP growth.
Download or read book Global Long term Economic Growth and the Economic Transformation of Poland and Eastern Europe written by Stanisław Gomułka and published by Wydawnictwo Naukowe Scholar. This book was released on with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the characteristic facts concerning the “catching-up countries” is the exceptionally large variation in their per capita annual rate of growth, from about zero to about 10%. The papers published in this monograph show that this rate is strongly dependent on the rate of investment, the quality of the labour force and the quality of institutions. The rate of investment is, in turn, dependent on the rate of domestic savings. In Poland, domestic savings are shown to have been and continue to be very low by international standards. The trend rate of growth of about 3.7% has been about 2 pp. higher than that of the most developed economies, mainly thanks to the development of modern market institutions and a new private sector, and partly thanks to foreign direct investments and a significant inflow of finance from the European Union (EU). The data also show that by far the least successful transformation in Eastern Europe has taken place in Ukraine. (Author’s Introduction) *** Our discussion is limited to the Technology Frontier Area (TFA) of the world. The central question is how the area’s innovation rate changes over time in the course of centuries. The analysis indicates that the pattern of change of the innovation rate over time may be eventually hat-shaped. This Hate-Shape Relationship is an empirical law that is given a theoretical interpretation. It is in part a prediction based on the author’s model of innovation and growth. Its acceleration and steady growth segments correspond well to the past reality. Its slowdown part is the central thesis of the book.
Download or read book Disinflation in Transition Economies written by Marek Dabrowski and published by Central European University Press. This book was released on 2003-01-01 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors of this outstanding scholarly work analyze the dynamics of disinflation in transition economies in Central and Eastern Europe. The volume covers all the key factors of this process: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal status of central banks; monetary policy strategy; changes in relative prices and changes in nominal and real wages. The book contains 13 chapters related to various aspects of disinflation and covering different sets of transition countries depending on their relevance to the analyzed topic and data availability.
