Ready for euro? Empirical study of the actual monetary policy independence in Poland
作者： Dagmara Mycielska , Lukasz Goczek
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摘要: The aim of the article is to examine actual degree Polish monetary policy independence in context joining Eurozone. It frequently argued that main cost participation EMU, or any other common currency area, loss independence. In contrast, paper raises question possibility such a small open economy operating within highly liberalized capital flows and integrated financial markets like Poland. Confirmation hypothesis concerning incomplete essential analysis costs accession EMU. verified using Vector Error-Correction Mechanism model several parametric hypotheses speed asymmetry adjustment.
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