One of the three new winners of the Nobel Prize in Economics funded by Sweden’s Riksbank, Ben Bernanke, likes challenges – his biography, and above all, his achievements, are proof of this. For this reason, when speaking...
We have welcomed the initiation of the tightening of monetary policies early in the Fall. Determining an “optimal” timing of the decision to change the monetary policy stance is difficult - says Alfredo Cuevas, economist at...
Inflation 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 while...
The 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 we...
Poland’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 insurance. It...
Piotr Szpunar, Director of the Economic Analysis Department at NBP, interviews Stefan Ingves, the Governor of Sveriges Riksbank, for the NBP Obserwator Finansowy:
For a sample of 33 countries with data stretching back to the 13th century, a pandemic killing 1% of the population raises GDP per capita by 0.3% after almost 20 years.
“The measures undertaken by NBP during the pandemic have helped to limit the fall in GDP in Poland this year and will support the recovery in activity in 2021. According to NBP experts the easing of monetary policy will...
“NBP analyses show that despite the huge scale of the shock during the pandemic, the losses and the uncertainty, the banking system as a whole is functioning and will function in a stable manner,” assured the President of NBP...
Bank of Russia, the country’s central bank and key financial regulator, wants to change Russia’s anti-money laundering laws in order to have more decision-making power over which companies can be deemed risky from a...