English
Obserwator Finansowy features views and analysis of economy in Poland and other countries, written by some of the best journalists, economists and analysts. Our mission is to share knowledge of economics and financial markets in the world.
Obserwator Finansowy is a project under aegis of the Poland’s central bank, Narodowy Bank Polski. We have published thousands of articles about the Polish and global economy. Our journalists have conducted hundreds of interviews with Nobel laureates, distinguished economists, business leaders and politicians with views across the political spectrum.
In this section you can find selected articles in English.
Investors’ irrationality deepens economic crises
Ewa RzeszutekBehavioural inclinations of managers, often leading to management errors on a microeconomic level, can accumulate, causing at least ineffectiveness, if not serious disruptions in the economy on a macro scale, thinks...
The Covid-19 pandemic has strengthened Poland’s position in global exports
Łukasz AmbroziakThere are two main factors that determined the robust performance of Polish exports during the pandemic: the greater product diversification of the Polish export sector compared to most EU member states and the relative...
Poland’s success
Harold JamesThe collapse of Soviet communism was a process that began in Poland, with the Solidarnosc movement eventually overcoming an oppressive and inhumane order. A powerful motivation in that drive was the desire to reconnect with...
Equitable growth is no simple matter
Maciej JaszczukThe last 20-30 years have been marked by significant progress in income convergence among EU Member States and Central and Eastern European countries have been on the forefront of this process. Meanwhile, taking a closer...
British monetary policy since the financial crisis
William A. AllenInflation in Britain has remained well under control since the financial crisis. Monetary and government debt management policies have become much more closely connected, and it will be important to loosen the connection...
We are paying for free entertainment with lower productivity
Maciej JaszczukLeisure-enhancing technologies, which are taking up more and more of people's time and attention, may explain a significant part of the slowdown in productivity growth observed in advanced economies in recent decades –...
Post-Pandemic Stabilisation and Challenges
Adam GlapińskiThe Ancient Greeks were right on most issues, but unfortunately they did not know the concept of acceleration, or at least they did not possess the mathematical apparatus to formally describe it. Centuries had to pass before...
Poland in the international monetary system, 2021
William A. AllenPoland’s international financial policies have been guided by self-protection and self-insurance. Its strong economic performance and limited financial exposures reduce risk, and its international reserves provide...
The pandemic has accelerated the business cycle
Marek Pielach“The process of cyclical economic slowdown began already at the turn of 2019. Both the current and the forecasted path of the synthetic indicator of the current situation would be similar, even if the coronavirus pandemic...
A jubilee week of central banking in Poland and abroad
Karol Rogowicz, Paweł KowalewskiThis week marks two anniversaries: the 20th anniversary of the initiation of unconventional monetary policy by the Bank of Japan and the first anniversary of the launch of quantitative easing by NBP.