Description |
1 online resource (21 pages) : illustrations |
Series |
IMF working paper, 2227-8885 ; WP/07/41 |
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IMF working paper ; WP/07/41.
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Summary |
This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in particular, since 1995. It finds prices have become less sensitive to domestic economic conditions as trade integration rose, possibly because monetary policy incentives increasingly shifted toward meeting price stability objectives. Quantitatively, globalization appears to have lowered Polish prices by 1/2 to 1 percentage point annually since 1995, substantially more than in advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in trade openness moderates |
Bibliography |
Includes bibliographical references (page 21) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Inflation (Finance) -- Poland
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Globalization.
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Prices -- Poland
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globalism.
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Economic policy
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Globalization
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Inflation (Finance)
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Prices
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SUBJECT |
Poland -- Economic policy -- 1990-
http://id.loc.gov/authorities/subjects/sh94001377
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Subject |
Poland
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Form |
Electronic book
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Author |
International Monetary Fund. European Department.
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ISBN |
128351575X |
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9781283515757 |
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1451910584 |
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9781451910582 |
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