Central banks exit strategies in theory and practice. The case of the Polish National Bank’s policy

• Authors: Anna Szelągowska
• Languages of publication: EN

Abstracts

EN

This paper makes an attempt in discussing the pros and cons of central banks exiting from unconventional monetary policy strategies. Having in mind the latest international economic research concerning the optimal entrance and exit strategies of the zero interest rate policy, it is worth discussing the results of the contemporary central banks in preserving the financial system and supporting the real economy. The main aim of this paper is the assessment of the Polish central bank’s low rate interest rates policy effectiveness and to find out its influence on the economy. The following research problem is discussed: should central banks use the exit strategy from zero interest rates and if yes, why and when. This task requires to put forward the following research hypothesis: too late implementation of the cycle of low interest rates by the National Bank of Poland does not help improvement of the Polish economy situation.

Keywords

EN

Exit strategy; Low interest rate policy; Monetary policy

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Journal of Economics and Management
• Year: 2015
• Volume: 21
• Pages: 128-143

Contributors

author

Anna Szelągowska

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Identifiers

ISSN

1732-1948