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.
Beyond GDP: how to measure economic growth in the digital era?
Jakub GrowiecIn economists’ discussions we can sometimes hear that GDP is a poor measure of economic development and that we should look for a better one. Nevertheless, GDP is still widely applied in macroeconomic analysis, and...
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...
Experiences with conversion of loans denominated in Swiss francs
Paweł GąsiorowskiIs it necessary for central banks to support conversion of Swiss franc-denominated loans? Hungary, Croatia, and Romania all have different experiences in this regard. The outcomes observed in these countries show that...
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 –...
Germany wants to export its green ambitions and green technologies
Maciej JaszczukGermany plans to accelerate the implementation of its climate policy. However, the local industry is not afraid of the transformation and is just waiting for the regulatory impulses. Germany will now try to persuade the...
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...
The United Kingdom’s Great Leap Forward
Maciej Danielewicz“After Brexit, the United Kingdom is building trade links and developing its own competences in many modern sectors of the economy. This can be seen on the example of biotechnology and pharmacy – the United Kingdom has...
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.