In recent years the issue of the role of asset prices in monetary setting has become increasingly topical since booms … aggregate spending. In this study, we use Smooth Transition Regression (STR) models to explore whether stock prices may have a … major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …

The possible short-run trade-off between the inflation (gap) and the output (gap) remains a critical policy issue for … any emerging economy; particularly when an implicit or an explicit inflation targeting monetary policy is considered. The … New Keynesian Phillips Curve (NKPC) has recently set up a framework on the trade-off between the inflation (gap) and the …

The article aims at determining the inflation influence between Poland and selected EU member states. Although for some … time the general inflation level in those countries was definitely controllable, the problem seems to be returning. That is … determine inflation influences on Poland. The study confirmed the impact of the selected countries on Polish inflation …