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2010 | 2 | nr 4 | 315--349
Tytuł artykułu

The Exchange Rate and Two Price Inflations in Poland in the Period 1999-2009. Do Globalization and Balassa-Samuelson Effect Matter?

Autorzy
Treść / Zawartość
Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
The abrupt depreciation of the zloty during the subprime crisis and fast- rising prices are serious problems, because Poland, having to fulfil five Maastricht criteria, makes the dependence of her domestic inflation on price increases in the EU countries the central point of the discussion about the optimal monetary and fiscal policy rules for the next few years. The primary objective of the paper is to test out some hypotheses about the main sources of the volatility of the Polish zloty / euro exchange rate and inflation in Poland. Because several competing theoretical models describing inflationary processes are widely used, special attention is paid to their empirical verification. The working-hypotheses allowing for the country-specific features of the consumer and producer price inflation are formulated and verified in the paper. (original abstract)
Rocznik
Tom
2
Numer
Strony
315--349
Opis fizyczny
Twórcy
autor
  • Uniwersytet Łódzki, Poland; Narodowy Bank Polski
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
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