Republic of Poland: Background Paper
March 19, 1996
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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
Pages:
122
Volume:
1996
DOI:
Issue:
019
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.
