- Tytuł:
-
Bezwzględna stopa inflacji w gospodarce polskiej
The Pure Inflation Rate in the Polish Economy - Autorzy:
-
Brzoza-Brzezina, Michał
Kotłowski, Jacek - Powiązania:
- https://bibliotekanauki.pl/articles/575677.pdf
- Data publikacji:
- 2009-09-30
- Wydawca:
- Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
- Tematy:
-
monetary policy
relative prices
restricted factor model
Harmonized Index of Consumer Prices (HICP)
pure inflation
core inflation - Opis:
- The authors use a restricted factor model to estimate the Harmonized Index of Consumer Prices (HICP) excluding relative price changes. The index obtained in this way, referred to as pure inflation, demonstrates a stronger relationship to the central bank’s short-term interest rate than the HICP index and selected measures of core inflation. Pure inflation also has a forecasting effect on the future HICP, comparable or better than that of competing models. The estimated variable shows that changes in relative prices played a much smaller role in the recent period of rising inflation (2006-2008) than during previous inflation increases (1999-2000 and 2004-2005). This shows that inflation was mainly driven by demand pressures in 2006-2008, the authors conclude.
- Źródło:
-
Gospodarka Narodowa. The Polish Journal of Economics; 2009, 234, 9; 1-21
2300-5238 - Pojawia się w:
- Gospodarka Narodowa. The Polish Journal of Economics
- Dostawca treści:
- Biblioteka Nauki
Artykuł