Wpływ deflacji i pułapki płynności na skuteczność polityki pieniężnej

• Autorzy: Katarzyna Glinka

Warianty tytułu

The Impact of Deflation and the Liquidity Trap on the Effectiveness of Monetary Policy

• Języki publikacji: PL

Abstrakty

Omówiono mechanizmy, które w otoczeniu dezinflacyjm utrudniają prowadzenie polityki monetarnej. Przedstawiono doświadczenia Japonii w przezwyciężaniu pułapki płynności.

EN

The purpose of this article is to examine deflation and the liquidity trap as phenomena limiting the effectiveness of monetary policy. In the first part of the article, the author describes the theoretical aspects of deflation, i.e., mainly its causes and effects. In the second section, she discusses the liquidity trap, starting from its traditional perception and then concentrating on its more modern understanding. Thus, the article mainly focuses on the role of inflationary expectations during prolonged deflation and successful exit from the liquidity trap. The final section discusses the Bank of Japan's experience in its struggle with deflationary pressures and the liquidity trap. The author presents applied monetary policy tools as well as the reasons for their limited effectiveness.(original abstract)

Słowa kluczowe

PL

Polityka pieniężna; Deflacja; Płynność finansowa; Pułapka płynności

EN

Monetary policy; Deflation; Financial liquidity; Liquidity trap

• Czasopismo: Zeszyty Naukowe / Uniwersytet Ekonomiczny w Krakowie
• Rocznik: 2007
• Numer: nr 758
• Strony: 51--64

Twórcy

autor

Katarzyna Glinka

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