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2011 | 248 |

Article title

Hipoteza inflacji neutralnej a problemy wzrostu gospodarczego w krajach strefy euro

Content

Title variants

Languages of publication

Abstracts

EN
The aim of this paper is to answer the questions whether ECB shouldn`t resign of rigid inflation controlling in favour of more flexible monetary policy, taking into account price specificity of Eurozone member countries; especially observed there historical interrelationships between inflation and economic growth. It seem, that thesis as if each level of inflation, higher then official ECB target, were dangerous for economy, is false. Tipical for each country is probably different level of inflation, which can co-exist with higher level of economic growth. Instead of adhering to arbitrary established inflation target, ECB should focus in its policy rather on neutral rate of inflation (Non-Decelerating Economic Growth Rate of Inflation (NDEGRI) concept, more friendly for economic growth needs.

Keywords

Year

Volume

248

Physical description

Dates

published
2011

References

Document Type

Publication order reference

Identifiers

URI
http://hdl.handle.net/11089/577

YADDA identifier

bwmeta1.element.hdl_11089_577
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