Republic of Poland: Background Paper

International Monetary Fund

No 1996/019, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; exchange rate; pension; capital account inflow; rate depreciation; current account transaction; exchange rate appreciation; state pension; Inflation; Pension spending; Wages; Current account; Pensions; Eastern Europe; Central and Eastern Europe; Baltics (search for similar items in EconPapers)
Pages: 122
Date: 1996-03-19
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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1996/019

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