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2022 | 4(76) | 23-48

Article title

Szok inflacyjny w Polsce i możliwe ścieżki reakcji ze strony polityki makroekonomicznej

Authors

Content

Title variants

EN
Inflation shock in Poland and possible paths of response from macroeconomic policy

Languages of publication

Abstracts

EN
The purpose of the article is to introduce the nature of macroeconomic policy dilemmas in Poland. The hypotheses concerning the sources of inflation, the macroeconomic policy response options, and the summary of the benefits and costs of disinflationary policies are presented.

Keywords

Year

Issue

Pages

23-48

Physical description

Dates

published
2022

Contributors

  • Centrum Analiz SpotData

References

  • Borio C., Hofmann B., Zakrajšek E., Does money growth help explain the recent inflation surge?, „BIS Bulletin” 2023, No 67.
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  • De Grauwe P., Diessner S., What price to pay for monetary financing of budget deficits in the euro area, 2022, https://cepr.org/voxeu/columns/what-price-pay-monetary-financing-budget-deficits-euro-area.
  • Domash A., Summers L.H., How Tight are U.S. Labor Markets?, 2022, NBER Working Paper 29739, https://doi.org/10.3386/w29739.
  • Eichengreen B., Institutions and Economic Growth: Europe After World War II, 1994, CEPR Discussion Papers 973.
  • Fischer S., The Role of Macroeconomic Factors in Growth, 1993, NBER Working Paper 4565, https://www.nber.org/papers/w4565, https://doi.org/10.3386/w4565 https://doi.org/10.1016/0304-3932(93)90027-d.
  • Fleming S., Fed has no reliable theory of inflation, says Tarullo, „Financial Times” 2017, No 4, https://www.ft.com/content/a5438cce-a933-11e7-ab55-27219df83c97.
  • Gagnon J.E., Collins C.G., The Case for Raising the Inflation Target Is Stronger than You Think, 2017, https://www.piie.com/blogs/realtime-economic-issues-watch/case-raising-inflation-target-stronger-you-think.
  • Guerrieri V., Lorenzoni G., Straub L., Werning I., Monetary Policy in Times of Structural Reallocation, Jackson Hole Conference 2022, https://www.kansascityfed.org/Jackson%20Hole/documents/8746/Guerrieri_JH21.pdf.
  • Learner A., Flation: Not Inflation, Not Deflation, Londyn 1973.
  • Romer D., Advanced Macroeconomics, Nowy Jork 2012.
  • Rudd J.B., Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?), „Finance and Economics Discussion Series” 2021, No 62, https://www.federalreserve.gov/econres/feds/files/2021062pap.pdf, https://doi.org/10.17016/FEDS.2021.062.
  • Shiller R.J., Why Do People Dislike Inflation, 1996, NBER Working Paper 5539, https://www.nber.org/system/files/working_papers/w5539/w5539.pdf, https://doi.org/10.3386/w5539.

Document Type

Publication order reference

Identifiers

Biblioteka Nauki
2233199

YADDA identifier

bwmeta1.element.ojs-doi-10_31268_ZPBAS_2022_62
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