01679cas a2200241 a 4500 AALejournalIMF004777 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451866056 1018-5941 BD-DhAAL BD-DhAAL Allard, Celine. Inflation in Poland : How Much Can Globalization Explain? / Celine Allard. Washington, D.C. : International Monetary Fund, 2007. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyses how globalization has affected inflation in the New EU Members States (NMS), and Poland in particular, since 1995. It finds prices have become less sensitive to domestic economic conditions as trade integration rose, possibly because monetary policy incentives increasingly shifted toward meeting price stability objectives. Quantitatively, globalization appears to have lowered Polish prices by 1\2 to 1 percentage point annually since 1995, substantially more than in advanced economies. However, future inflation-dampening effects in the NMS are likely to be smaller as the pace of increases in trade openness moderates. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2007/041 Full text available on IMF http://elibrary.imf.org/view/journals/001/2007/041/001.2007.issue-041-en.xml IMF e-Library