Poland show that the credit channel operates. It seems however, that factors through which it affects the aggregate demand …

effect. (2) Consumer prices appear more responsive to an interest rate shock during the first half of our sample, when Poland …

, exchange rate and credit channels in the monetary policy transmission (MPT) for the Czech Republic, Hungary and Poland over … recent period in Poland, compared with the same channels in the Czech Republic and Hungary. As nominal exchange rate … fluctuations allow for greater real shocks dampening in Poland, the cost of entering EMU may be more costly for this country than …

severe in the case of the transition economies. We utilize a mixed-estimation method incorporating prior information from …

On 4 March 2011, SUERF – The European Money and Finance Forum and the National Bank of Poland jointly organised a …

panel regressions are applied to data for Poland. Counterfactual exercises show that the analysed channel accounts for about …

effect. (2) Consumer prices appear more responsive to an interest rate shock during the first half of our sample, when Poland …