Chmielewski, Tomasz and Kot, Adam (2006): Impact of globalisation? Changes in the MTM in Poland.
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The relationship between economic slack and inflation has been getting vague and blurred recently in the monetary transmission models supporting the MPC decision making process. This paper shows that the relationship holds robustly for inflation measures corrected for textile, footwear, audio appliances and telecom devices. The prices of those four consumption basket components have exhibited a downward trend irrespective of what is going on with the rest of consumption process for already five years. The results are supported by the evidence from VAR.
|Item Type:||MPRA Paper|
|Original Title:||Impact of globalisation? Changes in the MTM in Poland|
|Subjects:||E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation
E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E52 - Monetary Policy
|Depositing User:||Tomasz Chmielewski|
|Date Deposited:||23. Apr 2008 06:58|
|Last Modified:||12. Feb 2013 14:14|
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