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.
The Economic and Monetary Union and 20 years of the euro
Mário CentenoTwenty years ago, the central banks of the euro area promoted the biggest currency changeover in history, reflecting a paramount decision towards greater economic integration of 12 democracies.
Every time monetary policy has some lag structure
Obserwator FinansowyIn fact, it’s only the central banks that can fight inflation in a proper manner and there is a lot of discussion going on all over the world and especially in Europe on how governments could address inflation....
Sustainability & climate change – a more delicate balancing act
Constantin Mugur IsărescuThe economy and financial system worldwide saw major transformations in the past decades, boosted by globalization and digitalization or reshaped by key inflexion points such as the 2008 financial crisis, the COVID-19...
Globalisation has not had the last word
Obserwator Finansowy“Other factors will be decisive in international trade, not just cost minimisation. We will consider who produces and what, as well as in what conditions. I hope that this will bring similar countries closer to each...
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.