The Monetary Policy Council as a special state organ Cover Image

Rada Polityki Pieniężnej jako szczególny organ państwa
The Monetary Policy Council as a special state organ

Author(s): Ireneusz Kraś
Subject(s): Politics / Political Sciences, Politics, Economy, National Economy, Economic policy, Public Finances
Published by: Uniwersytet Adama Mickiewicza
Keywords: state institutions; central bank; economic policy

Summary/Abstract: The paper deals with the topic of the Monetary Policy Council. The main aim of this research paper is to analyze the institutional position of the Council. The first part focuses on the definition of the Monetary Policy Council’s status. The next part concerns the model of the term of office and personal composition of the Council. In this context, proposals for changes are presented which are included in the project of the new law on the National Bank of Poland. A significant part of the paper describes the conceptual requirements for the members of the MPC. They emphasize the importance of the Council in comparison with other state bodies. The ending presents the conclusion that the Monetary Policy Council is a state organ of special importance. The author indicates the need for certain changes to reinforce the actions of the Monetary Policy Council, especially the need to regulate the number of members of the MPC who should be appointed by the relevant bodies and authorities by means of the Constitution. Additionally, the issues concerning legislative competence must be discussed as well.

  • Issue Year: 2016
  • Issue No: 3
  • Page Range: 159-169
  • Page Count: 11
  • Language: Polish