Moderate Inflation in Poland

Released on by Mr.Mark E. L. Griffiths
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  • Moderate Inflation in Poland Book Detail

  • Author : Mr.Mark E. L. Griffiths
  • Release Date : 1996-06-01
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 44
  • ISBN 13 : 1451967438
  • File Size : 54,54 MB
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Moderate Inflation in Poland by Mr.Mark E. L. Griffiths PDF Summary

Book Description: Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting the transition to a market economy, Polish inflation has been marked by significant changes in relative prices. Second, as wage and price indexation takes root, the inflationary effect of shocks to relative prices is magnified. Third, lagging structural reform, including the failure to extend hard budget constraints to all sectors of the economy, makes monetary policy less effective. Reduced money supply growth with structural reform offers the best prospect for moving to low inflation.

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Moderate Inflation in Poland

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Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting t

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Why is moving from moderate to low inflation almost always slow or costly? This paper answers this question, based on the Polish experience. First, reflecting t

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This Selected Issues paper employs a suite of models to determine the main drivers of inflation in Poland. Inflation in Poland has stayed below the lower bound

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Many countries, including several transition economies, have in the last few years recorded a sharp decline in inflation, but have been unable to bring inflatio