Prague Economic Papers 2002, 11(3):237-254 | DOI: 10.18267/j.pep.196

Inflation targeting in poland (a comparison with the czech republic)

Helena Horská
Česká spořitelna, a. s., Na Perštýně 1, CZ - 113 97 Prague 1 (e-mail: hhorska@csas.cz).

This paper deals with the implementation of the inflation targeting regime in Poland. The study contributes to the discussion about opportunities and constraints of inflation targeting in the more advanced transitive economies. This analysis of monetary policy issues is based on an econometric investigation of the Polish inflation time series and on the estimation of the links between monetary policy instruments and inflation. In comparison with the Czech Republic, the Polish inflation targeting strategy faces more obstacles and limitations that are caused by the structural characteristics of Polish inflation and the country's less advanced money market.

Keywords: disinflation, inflation targeting, central bank, Poland, crawling peg
JEL classification: C22, E52, E58, P33

Published: January 1, 2002  Show citation

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Horská, H. (2002). Inflation targeting in poland (a comparison with the czech republic). Prague Economic Papers, 11(3), 237-254. doi: 10.18267/j.pep.196
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