that significantly increases fluctuations of output gap and inflation. …

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 … bank credibility in Poland, using survey-based measures of inflation expectations formed by consumers, enterprises and …

In the paper we have investigated to what extent the behaviour of CPI inflation depends on changes in domestic economic … price indices respond to exchange rate movements and/or foreign inflation. The impact of exchange rate is most substantial …