Kębłowski, Piotr; Welfe, Aleksander - In: Economic Modelling 29 (2012) 4, pp. 1473-1482
comprised of the short- and long-term interest rates in Poland and the euro area, inflation rates, CDS indices and the zloty …/euro exchange rate, four long-run relationships were found. Two of them link term spreads with inflation rates, the third one … describes the exchange rate and the fourth one explains the inflation rate in Poland. Transmission of shocks was analysed by …