Podejmowanie decyzji monetarnych w kontekście realizacji celu inflacyjnego
Monetary policy making in context of execution of the strategy of direct inflation targeting

Summary/Abstract: Present, in crisis period on the financial markets we look for the optimal decisions leading to inflation rate reducing to inflation target first of all and also resulting in increasing of output growth rate. One of the two hypotheses formulated in macroeconomics to explain the phenomenon of anticipation by traders of the future rate of inflation is the hypothesis of rational expectations. Thus, taking into consideration the concept of the new classical economics and critique of the hypothesis of rational expectations, in this paper we present case studies discussing the possibility of rational expectations equilibrium is reached. For analysis we use a dynamic form of Woodford model.

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