This paper investigates the relationship between money/credit growth and house price inflation for a sample of twelve developed countries. The novel application of the continuous wavelet transform showed significant but time-varying linkages between these two variables. During quantitative...

This article investigates the post-1990 link between broad money growth and inflation in 16 full-fledged inflation-targeting regimes and four benchmark non-inflation-targeting regimes. This study employs the Christiano-Fitzgerald band-pass filter and continuous wavelet transform to analyze the...

Since July 2007 the global economy has gone into slowdown. At the beginning it seemed that the situation was to concern mainly the United States, as it was where the increasingly disturbing information was pouring from. It was believed of course that the system of combined blood vessels, which...

According to the research and econometrical model Poland’s monetary policy and the monetary rule are very similar. In many fields both strategies prove to result in the same outcomes. Both aim to guarantee low inflation and long-term economic growth. The difference is that in Poland the...

The article presents that a freedom itself cannot solve the problem of poverty. It turns out that freedom is not a sufficient condition. Some countries are good example that sometimes freedom is not even a necessary condition. Freedom itself is not enough to assure high standards of living and...