Język Polski
English
Polish
Marek Kacprzak
Abstract
During the COVID-19 pandemic and after Russia's invasion of Ukraine, a heated discussion began in the global economic literature about the monetary policy strategy that should be pursued by central banks around the world. The canons of central bank monetary policy have been shaped since the creation of the first central banks in Sweden and England in the seventeenth century. According to the author of the article, monetary policy does not come "out of nowhere" but has its historical roots. Therefore, in this article, I analyse the NBP monetary policy strategy before the outbreak of the COVID-19 pandemic, which is the foundation for the current activities of the NBP and the Monetary Policy Council in the field of price stabilization and the fight against inflation at the current stage of development of the Polish economy.
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