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Erscheinungsjahr: 
1999
Quellenangabe: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1999
Schriftenreihe/Nr.: 
Kiel Working Paper No. 956
Verlag: 
Kiel Institute of World Economics (IfW), Kiel
Zusammenfassung: 
This paper assesses the prospects for the new Polish monetary policy strategy of inflation targeting. Regarding the general requirements for implementing an inflation targeting strategy it appears that Poland has made sufficient progress in reducing fiscal dominance and hardening budget constraints. The paper also finds that the exchange rate has played a dominant role as a policy instrument, with the linkages between the short-term interest rate and inflation remaining unclear. Given this uncertainty, modification of some details of the strategy - such as widening the target range or lengthening the target horizon - might be helpful.
Schlagwörter: 
inflation targeting, transmission mechanism in Poland
JEL: 
E52
E58
Dokumentart: 
Working Paper
Dokumentversion: 
Digitized Version

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