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Republic of Poland: Selected Issues
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 183
Language:
English
Publication Date:
14 Jul 2015
DOI:
https://doi.org/10.5089/9781513518589.002
ISBN:
9781513518589
ISSN:
1934-7685
Pages:
66
Keywords:
ISCR; CR; Poland; debt limit; inflation expectation; inflation projection; baseline CPI inflation path; price inflation; productivity gain; low inflation; Inflation; Productivity; Structural transformation; Labor productivity; Financial statements; Europe; Global; Central and Eastern Europe
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This Selected Issues paper employs a suite of models to determine the main drivers of inflation in Poland. Inflation in Poland has stayed below the lower bound of the target band for about two years with external shocks adding to downward pressure during 2014. The paper provides a range of inflation forecasts to assess the likelihood of protracted low inflation. The paper considers the main factors underlying recent inflation developments and assesses the importance of first-round indirect and second-round effects of external shocks for headline inflation. Using a variety of models, the paper also provides possible forecast paths for inflation in Poland.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund