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https://doi.org/10.18045/zbefri.2016.2.363

Poland as an inflation nutter:The story of successful output stabilization

Maciej Ryczkowski ; Faculty of Economic Sciences and Management, Nicolaus Copernicus University, Toruń, Poland

Puni tekst: engleski, pdf (722 KB) str. 363-392 preuzimanja: 662* citiraj
APA 6th Edition
Ryczkowski, M. (2016). Poland as an inflation nutter:The story of successful output stabilization. Zbornik radova Ekonomskog fakulteta u Rijeci, 34 (2), 363-392. https://doi.org/10.18045/zbefri.2016.2.363
MLA 8th Edition
Ryczkowski, Maciej. "Poland as an inflation nutter:The story of successful output stabilization." Zbornik radova Ekonomskog fakulteta u Rijeci, vol. 34, br. 2, 2016, str. 363-392. https://doi.org/10.18045/zbefri.2016.2.363. Citirano 20.10.2021.
Chicago 17th Edition
Ryczkowski, Maciej. "Poland as an inflation nutter:The story of successful output stabilization." Zbornik radova Ekonomskog fakulteta u Rijeci 34, br. 2 (2016): 363-392. https://doi.org/10.18045/zbefri.2016.2.363
Harvard
Ryczkowski, M. (2016). 'Poland as an inflation nutter:The story of successful output stabilization', Zbornik radova Ekonomskog fakulteta u Rijeci, 34(2), str. 363-392. https://doi.org/10.18045/zbefri.2016.2.363
Vancouver
Ryczkowski M. Poland as an inflation nutter:The story of successful output stabilization. Zbornik radova Ekonomskog fakulteta u Rijeci [Internet]. 2016 [pristupljeno 20.10.2021.];34(2):363-392. https://doi.org/10.18045/zbefri.2016.2.363
IEEE
M. Ryczkowski, "Poland as an inflation nutter:The story of successful output stabilization", Zbornik radova Ekonomskog fakulteta u Rijeci, vol.34, br. 2, str. 363-392, 2016. [Online]. https://doi.org/10.18045/zbefri.2016.2.363

Sažetak
The goal of the paper is to verify whether the National Bank of Poland (NBP)
follows pure inflation targeting. The contemporaneous and forward looking,
numerous Taylor rules estimated with the OLS and GMM methods provided weak
evidence of any significant importance attached by NBP to output stabilization in
the reaction function. The strong focus of NBP on its primary target has led to a
satisfactory performance of the central bank in stabilizing the real economy. This
suggests the basic conclusion that pure inflation targeters may perform equally
fine in stabilizing the real economy as countries which officially attach importance
to output stabilization.

Ključne riječi
Taylor rule; National Bank of Poland’s preferences; performance of output stabilization; inflation targeting; inflation-output trade-off

Hrčak ID: 171144

URI
https://hrcak.srce.hr/171144

[hrvatski]

Posjeta: 954 *