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 …

major role on the phase of the short-term interest rates in Eastern European countries implementing inflation targeting …

decomposition. The results indicate that contractionary monetary policy shock, which led to increased external finance premium …, negatively affected the manufacturing sector and decreased total output. In other words, the monetary shock negatively affected …

formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and …

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 …

assessing the new chronology itself and against others—this we do with modern statistical tools of signal detection theory. We …