MONETARY POLICY UNDER CONDITIONS OF 'NAIRU' FLATTENING

• Authors: Balcerzak Adam
• Languages of publication: EN

Abstracts

EN

The last decades represent a period of global economy fast transformation, which is reflected in the real life and leads to changes in relations between the situation in the labour market and the inflation processes. Those changes are frequently referred to as 'NAIRU' flattening. It can be expected that it will bring important consequences for the process of national monetary policy development in individual countries. The aim of the paper is to present analysis of the influence of NAIRU flattening on the effectiveness of the national monetary policy and effectiveness of its tools.

Keywords

EN

'NAIRU'; GLOBALISATION; INFLATION; MONETARY POLICY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Uniwersytet Warmińsko-Mazurski w Olsztynie
• Journal: Olsztyn Economic Journal
• Year: 2009
• Volume: 4
• Issue: 1
• Pages: 95-105
• Document type: ARTICLE

Contributors

author

Balcerzak Adam

• Adam Balcerzak, Uniwersytet Warminsko-Mazurski w Olsztynie, Katedra Mikroekonomii, pl. Cieszynski 1, 10-957 Olsztyn, Poland

Identifiers

CEJSH db identifier

10PLAAAA076725