Republic of Poland: Background Paper

March 19, 1996

Preview Citation

Format: Chicago

Republic of Poland: Background Paper, (USA: International Monetary Fund, 1996) accessed November 29, 2024

Summary

This Background Paper examines sources of net international reserve inflows for Poland. It shows that once estimate of unrecorded border trade is included, both the current and capital accounts are in surplus. The paper illustrates the methods through which estimates of unrecorded trade can be obtained. It offers a complementary view of Poland’s inflation problem from a medium-term perspective. Specifically, the paper shows that relative price adjustment, combined with indexation and inertia, has been part and parcel of Polish inflation.

Subject: Balance of payments, Current account, Expenditure, Inflation, Labor, Pension spending, Pensions, Prices, Wages

Keywords: Baltics, Capital account inflow, Central and Eastern Europe, CR, Current account, Current account transaction, Eastern Europe, Exchange rate, Exchange rate appreciation, Inflation, ISCR, Pension, Pension spending, Pensions, Rate depreciation, State pension, Wages

Publication Details

Pages:

122
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1996/019
Stock No:

1POLEA0011996
ISBN:

9781451831788
ISSN:

1934-7685

Notes

This report on Poland was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Poland or the Executive Board of the IMF.

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