PL EN


2015 | 60 | 3 (362) | 83-108
Article title

Łagodzenie ilościowe polityki pieniężnej – przyczyny, istota „new normal” polityki banków centralnych w UE

Content
Title variants
EN
Quantitative Mitigation of Monetary Policy – Reasons for and Essence of the New Normal Policy of Central Banks in the EU
Languages of publication
PL
Abstracts
EN
The economic and financial crisis of the recent years has shown that there is an urgent need for a reaction of global and national public institutions to the reasons for and effects of market links, mutual relations of the reactions of the state, central banks, business and financial entities, especially financial markets, as for arising and growing imbalances that stem not only from financial crises, but from the activities of these entities as well. For several years, a discussion has been held in various scientific and political circles on an optimal macroeconomic strategy for recovering from the economic slowdown. While in the policies of the EU bodies and the states, anti-crisis activities have been searched for, appropriate instruments selected, various initiatives taken, programmes of public authorities proposed, aimed at stimulating economic growth and, at present, inflation. It turned out that the main central banks are able to be, and have to be, the only institutions to effectively react to the debt crisis, stagnation and low economic recovery. The monetary policy of large central banks has finally replaced the fiscal policy in the financial stimulation process, and has become the hope for stimulating a stable economic growth and inflation, and for ending the financial crisis.
Year
Volume
60
Issue
Pages
83-108
Physical description
Dates
published
2015-06
Contributors
  • Wydział Prawa i Administracji Uniwersytetu Warszawskiego
References
Document Type
Publication order reference
Identifiers
ISSN
0452-5027
YADDA identifier
bwmeta1.element.desklight-94f6f1ed-b04a-45fe-98d7-1adc1b3feb5a
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