The Role of Central Bank – Situation After Crisis Cover Image

Rola banku centralnego w gospodarce – obraz po kryzysie
The Role of Central Bank – Situation After Crisis

Author(s): Ilona Skibińska-Fabrowska
Subject(s): Economic policy, Public Finances
Published by: Polskie Towarzystwo Ekonomiczne w Zielonej Górze
Keywords: Central Bank; Monetary Policy; Financial Crisis;

Summary/Abstract: The problems of the activity of the central bank and impact monetary policy on the economy are interesting for theoreticians and practitioners of economics. The significance of the monetary policy for the real sphere was an object of analyses in many areas of economic. The developed agreement in this respect resulted in the new synthesis neoclassical having a practical expression of the purpose direct in the inflation targeting. The financial crisis which burst in 2008 caused that central banks, in the unusually active way, took action going beyond the traditional understanding their role. Effects of the unconventional monetary policy are visible not only in the economy but also in changing thinking of the role of the monetary. In the article the inspection of the different views concerning the significance of the monetary politics for the economy action taken by central banks in the reaction to the crisis was described along with their observed effects. Taking this into account, the attempt to explain the new place of monetary policy in structure of economic policy was made.

  • Issue Year: 4/2017
  • Issue No: 6
  • Page Range: 161-166
  • Page Count: 6
  • Language: Polish