Z doświadczeń strategii bezpośredniego celu inflacyjnego w Polsce – realizacja i próba oceny
From the experiences of the strategy of the inflation target in Poland – implementation and assessment attempt

Author(s): Filip Kliber
Subject(s): Economy, National Economy, Supranational / Global Economy, Economic policy, Security and defense, Financial Markets
Published by: Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
Keywords: polityka pieniężna;cel inflacyjny;strategia bezpośredniego celu inflacyjnego;
Summary/Abstract: Since 1999 Direct Inflation Targeting had been the foundation of Polish central bank monetary policy. The implementation of this strategy took place in changing economic and institutional conditions. It was also accompanied by profound changes in the monetary policy itself. The main aim of this paper is to present the premises and conditions for the implementation of the Inflation Targeting strategy, with particular emphasis on the structure and assumptions adopted in Poland. The implementation of the Inflation Targeting strategy in Poland in individual years was also characterized as well as the factors - positive and negative - influencing its effectiveness. A literature review on the effectiveness of the implementation of the Inflation Targeting strategy in Poland was also carried out and an original attempt was made to synthetically evaluate the inflation target implemented by the NBP.

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