PL EN


2007 | 4(4) | 23-43
Article title

Polityka monetarna - restrykcyjna czy ekspansywana?

Authors
Title variants
THE MONETARY POLICY - RESTRICTIVE OR EXPANSIVE?
Languages of publication
PL
Abstracts
EN
The monetary policy plays an important role in macroeconomic policy of government. There is a question concerning type of this policy expansive or restrictive (easy or tidy monetary policy). Unfortunately, we have a lot of criteria. Each of them gives us other answer. So due to equitation of Irving Fisher we have dominantly expansive monetary policy. The same situation exists when we use nominal value of rediscount interest rate of central bank. Opposite result appears when we use real value of this interest rate or level of obligatory reserve. Taking under consideration liquidity on money market we know, that level of interest rate is too high.
Year
Issue
Pages
23-43
Physical description
Document type
ARTICLE
Contributors
  • Adam Szafarczyk, Wyzsza Szkola Umiejetnosci, ul. Wesola 52, 25-353 Kielce, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
11PLAAAA092330
YADDA identifier
bwmeta1.element.6b7ea1d6-f4b9-33d7-b05d-489af9e86bed
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