Polityka monetarna - restrykcyjna czy ekspansywana?

• Authors: Szafarczyk Adam

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.

Keywords

EN

CENTRAL BANK; INTEREST RATE; MONETARY POLICY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Finansów i Zarządzania w Warszawie
• Journal: Contemporary Economics
• Year: 2007
• Issue: 4(4)
• Pages: 23-43
• Document type: ARTICLE

Contributors

author

Szafarczyk Adam

• Adam Szafarczyk, Wyzsza Szkola Umiejetnosci, ul. Wesola 52, 25-353 Kielce, Poland

Identifiers

CEJSH db identifier

11PLAAAA092330