On the basis of a unique database of policy makers’ comments, we find that central bank communication does influence … that central bank communication affects the predictability of monetary policy decisions. …

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …

We estimate forward-looking Taylor rules on data from macroeconomic forecasts of three central banks (Bank of England …, National Bank of Poland and Swiss National Bank) in order to determine the extent to which these banks are forward looking in …

In a New Keynesian model with asymmetric information we show that publication of macroeconomic projections and of the … future interest rate path by the central bank can improve macroeconomic outcomes. However, the gains from publishing interest …

This paper focuses on the associations between the inflation forecasts of the central bank and inflation expectations …

Asymmetric effects in a monetary policy rule could appear due to asymmetric preferences of the central bank or/and due … investigate whether the reaction function of the National Bank of Poland (NBP) is asymmetric according to the level of inflation …

This note extends the study by Lyziak et al. (2007), providing up-to-date assessment of central bank transparency in … Poland. We highlight the role of inflation projections prepared by the staff of the National Bank of Poland in building … transparency of monetary policy. The results suggest that central bank inflation projections, published since 2004, have led to …