14 research outputs found

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

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    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.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

    Gender Pay Gap In The Micro Level ÔÇô Case Of Poland

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    The paper analyzes the size of the GPG in enterprises located in Poland and with at least 10 employees. For this purpose a linear model is constructed for individual data that allows to distinguish the influence of sex, occupation and education on the earnings. That allows to explain the size of income discrepancies caused by external, objective factors and assess the magnitude of sex discrimination

    ANALIZA POR├ôWNAWCZA POLITYKI PIENI─ś┼╗NEJ POLSKI I ZASADY MONETARY RULE W LATACH 1995-2007

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    Artyku┼é ten przedstawia por├│wnanie strategii bezpo┼Ťredniego celu inflacyjnego i Friedmanowskiej zasady monetary rule. Analizie poddana zostaje Polska w latach 1995-2007. Celem artyku┼éu jest odpowied┼║, kt├│ry spos├│b dzia┼éania jest skuteczniejszy i czy istniej─ů elementy wsp├│lne dla obu strategii prowadzenia polityki pieni─Ö┼╝nej
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