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.
We must react cautiously and flexibly to rising inflation
Obserwator Finansowy“Our measures are an attempt to limit secondary effects, so that – when the negative supply shocks disappear – inflation will also decline rapidly,” says Mārtiņš Kazāks, Governor of Latvijas Banka and member of...
Have Wages Stagnated for Decades in the U.S.?
Michael R. StrainIn the United States, it is conventional wisdom that wages have stagnated for decades.
The case for an energy NATO
Nicholas ButlerHow do we avoid each man and country for itself when we are faced with major energy insecurity as today? Not every country is able to be self-sufficient, so how do we avoid an elbowing race for resources?
Towards a Digital Canadian Dollar: If, How, When
Scott HendryIn 1935, the Bank of Canada was entrusted by our federal government to centralize the production of bank notes. As Canada’s newly established central bank, one of our first orders of business was to issue a single currency...
Uncertain times – implications for the EU’s economic and financial agenda
Stefan IngvesDevelopments in recent years have shown how quickly events can change the way we perceive the world and our expectations of the future.
Russia’s Great Escape
Barry EichengreenRussia’s government is doing all it can to evade Western economic sanctions, and at least some observers are positively impressed by its success.
We must hope that Ukraine will regain its economic strength
Jiří RusnokIt has been several weeks since the first news of Russian troops invading the sovereign territory of Ukraine shook the world.
Why Has Japan’s Cash Demand Remain Strong?
Sayuri ShiraiCash is a safe and highly liquid instrument for payment of goods and services and other transactions which is issued by a central bank.
Russia is too small to win the war in Ukraine
Paul De GrauweRussia is a small country. From an economic perspective, that is. According to the IMF, the country’s GDP amounted to $1.7 trillion in 2021. That is barely 10% of the European Union’s GDP, or roughly the combined output...
Energy and climate transitions: current and future challenges
François Villeroy de Galhau, Stéphane DeesWe live in an era of urgency, where we have to cope with multiple crises at the same time. Europe is currently facing a major historical shock.