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How can monetary policy be made more efficient?
Madis MüllerThe past decade has taught the central banking community the important lesson that negative shocks can happen more frequently, and the time between the shocks may not be long enough to let central banks regain policy space.
The role of central banks in the digital transformation of financial markets
Dr Joachim NagelDigital transformation is taking place at a rapid pace, and its consequences for society and the economy are very much in evidence. Virtual meetings, instant messaging and online shopping have become part of our daily life.
Poland Gangnam Style
Barry EichengreenFor the last quarter century, the Polish economy has been an underappreciated success story – underappreciated certainly in my country, the United States. GDP per capita tells the tale.
A somewhat different look at the Bundesbank
Paweł KowalewskiThe Bundesbank is most often associated with a conservative approach to central banking, significant levels of institutional independence, and a highly effective monetary policy.
OECD expects strong GDP growth in Poland and declining inflationary pressures in 2022-23
Maciej DanielewiczOECD expects inflationary pressures to ease in the course of 2022-23. As inflation is spreading through various components, central banks must be vigilant and be ready to respond – says Mathias Cormann, the...
IMF: We have welcomed the initiation of the tightening of monetary policies early in the Fall
Maciej DanielewiczWe have welcomed the initiation of the tightening of monetary policies early in the Fall. Determining an “optimal” timing of the decision to change the monetary policy stance is difficult - says Alfredo Cuevas, economist...
Investors’ irrationality deepens economic crises
Ewa RzeszutekBehavioural inclinations of managers, often leading to management errors on a microeconomic level, can accumulate, causing at least ineffectiveness, if not serious disruptions in the economy on a macro scale, thinks...
The Covid-19 pandemic has strengthened Poland’s position in global exports
Łukasz AmbroziakThere are two main factors that determined the robust performance of Polish exports during the pandemic: the greater product diversification of the Polish export sector compared to most EU member states and the relative...
Poland’s success
Harold JamesThe collapse of Soviet communism was a process that began in Poland, with the Solidarnosc movement eventually overcoming an oppressive and inhumane order. A powerful motivation in that drive was the desire to reconnect with...
Equitable growth is no simple matter
Maciej JaszczukThe last 20-30 years have been marked by significant progress in income convergence among EU Member States and Central and Eastern European countries have been on the forefront of this process. Meanwhile, taking a closer...