National Bank of Poland

Displaying 1-5 of 5 results

  • White Papers // Jan 2011

    Firms In The Great Global Recession: The Role Of Foreign Ownership And Financial Dependence

    This paper investigates the channels through which the global crisis of 2008- 2009 spread to economic activity of an emerging, fast growing economy with sound macroeconomic fundamentals. On the basis of Polish firm-level data the authors find that a number of individual firm characteristics account for a heterogeneous response. In...

    Provided By National Bank of Poland

  • White Papers // Dec 2010

    Inflation And Corporate Investment - A Critical Survey

    The analysis of inflation's effect on investment can contribute to a deeper understanding of the benefits of a monetary policy oriented towards price stability. It can also help conduct such a policy effectively. The authors begin with a review of conclusions about the inflation-investment relationship that can be drawn from...

    Provided By National Bank of Poland

  • White Papers // Mar 2010

    Intergenerational Interactions In Human Capital Accumulation

    The authors analyze an economy populated by a sequence of generations who decide over their consumption and investment in human capital of their immediate descendants. The objective of the paper is twofold: firstly, to identify the impact of strategic interactions between consecutive generations on the time path of human capital...

    Provided By National Bank of Poland

  • White Papers // Jun 2009

    Estimating Pure Inflation In The Polish Economy

    This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to the central bank instrument (short-term interest rate) than the HICP index and selected measures of core inflation. Pure inflation has...

    Provided By National Bank of Poland

  • White Papers // May 2009

    The Macroeconomic Effects Of Losing Autonomous Monetary Policy After The Euro Adoption In Poland

    There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyze one, but very important aspect, namely - the macroeconomic impact of the loss of autonomous monetary policy. In order to answer this question, the authors build a two country DSGE model...

    Provided By National Bank of Poland

  • White Papers // Mar 2010

    Intergenerational Interactions In Human Capital Accumulation

    The authors analyze an economy populated by a sequence of generations who decide over their consumption and investment in human capital of their immediate descendants. The objective of the paper is twofold: firstly, to identify the impact of strategic interactions between consecutive generations on the time path of human capital...

    Provided By National Bank of Poland

  • White Papers // Jan 2011

    Firms In The Great Global Recession: The Role Of Foreign Ownership And Financial Dependence

    This paper investigates the channels through which the global crisis of 2008- 2009 spread to economic activity of an emerging, fast growing economy with sound macroeconomic fundamentals. On the basis of Polish firm-level data the authors find that a number of individual firm characteristics account for a heterogeneous response. In...

    Provided By National Bank of Poland

  • White Papers // Jun 2009

    Estimating Pure Inflation In The Polish Economy

    This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to the central bank instrument (short-term interest rate) than the HICP index and selected measures of core inflation. Pure inflation has...

    Provided By National Bank of Poland

  • White Papers // Dec 2010

    Inflation And Corporate Investment - A Critical Survey

    The analysis of inflation's effect on investment can contribute to a deeper understanding of the benefits of a monetary policy oriented towards price stability. It can also help conduct such a policy effectively. The authors begin with a review of conclusions about the inflation-investment relationship that can be drawn from...

    Provided By National Bank of Poland

  • White Papers // May 2009

    The Macroeconomic Effects Of Losing Autonomous Monetary Policy After The Euro Adoption In Poland

    There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyze one, but very important aspect, namely - the macroeconomic impact of the loss of autonomous monetary policy. In order to answer this question, the authors build a two country DSGE model...

    Provided By National Bank of Poland