IDEAS home Printed from https://ideas.repec.org/a/nbp/nbpbik/v51y2020i6p639-660.html
   My bibliography  Save this article

Wahania cen w Polsce w świetle teorii szkoły austriackiej

Author

Listed:
  • Andrzej Jędruchniewicz

    (Szkoła Główna Gospodarstwa Wiejskiego, Instytut Ekonomii i Finansów, Katedra Ekonomii i Polityki Gospodarczej)

  • Dawid Bródka

Abstract

Celem opracowania była ocena zastosowania teorii szkoły austriackiej do wyjaśnienia wahań cen produktów wytwarzanych na poszczególnych etapach w strukturze produkcji. Do zbadania zmienności cen w polskiej gospodarce w latach 2007–2018 wykorzystano dwa modele struktury produkcji. Empiryczna analiza wykazała, że wahania cen w modelu struktury opartym na bardziej zagregowanych kategoriach w pełni potwierdziły teorię szkoły austriackiej. Udało się potwierdzić występowanie istotnych statystycznie różnic w zakresie zmienności cenowej między etapami tej struktury. Wykazano również, że wahania cen surowców i dóbr przemysłowych były większe niż wahania dóbr konsumpcyjnych. Nie potwierdzono natomiast jednoznacznie teorii tej szkoły, badając zmiany cen w mniej zagregowanym modelu struktury. Tylko przy obniżeniu poziomu istotności statystycznej możliwe było przyjęcie hipotezy o niejednolitej zmienności cen między wszystkimi etapami. Dalsza analiza wykazała, że wahania cen w górnictwie i wydobyciu były większe niż w przetwórstwie przemysłowym oraz niż wahania cen nietrwałych dóbr konsumpcyjnych. Sprzeczna z omawianą teorią była natomiast większa zmienność cen nietrwałych dóbr konsumpcyjnych niż cen w przetwórstwie przemysłowym.

Suggested Citation

  • Andrzej Jędruchniewicz & Dawid Bródka, 2020. "Wahania cen w Polsce w świetle teorii szkoły austriackiej," Bank i Kredyt, Narodowy Bank Polski, vol. 51(6), pages 639-660.
    • Handle: RePEc:nbp:nbpbik:v:51:y:2020:i:6:p:639-660
    as

    Download full text from publisher

    File URL: https://bankikredyt.nbp.pl/content/2020/06/BIK_06_2020_03.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Svensson, Lars E. O., 1999. "Inflation targeting as a monetary policy rule," Journal of Monetary Economics, Elsevier, vol. 43(3), pages 607-654, June.
    2. Robert Lester & Jonathan Wolff, 2013. "The empirical relevance of the Mises-Hayek theory of the trade cycle," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 26(4), pages 433-461, December.
    3. Frederick C. Mills, 1936. "Prices in Recession and Recovery: A Survey of Recent Changes," NBER Books, National Bureau of Economic Research, Inc, number mill36-1.
    4. Frederick C. Mills, 1936. "Index to "Prices in Recession and Recovery: A Survey of Recent Changes"," NBER Chapters, in: Prices in Recession and Recovery: A Survey of Recent Changes, pages 573-581, National Bureau of Economic Research, Inc.
    5. Francis Bismans & Christelle Mougeot, 2009. "Austrian business cycle theory: Empirical evidence," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 22(3), pages 241-257, September.
    6. William Luther & Mark Cohen, 2014. "An Empirical Analysis of the Austrian Business Cycle Theory," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(2), pages 153-169, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrzej Jędruchniewicz, 2015. "The Price Structure in the Polish Business Cycle. The Downward Phase," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 40.
    2. William J. Luther & Mark Cohen, 2016. "On the Empirical Relevance of the Mises–Hayek Theory of the Trade Cycle," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 79-103, Emerald Group Publishing Limited.
    3. Alonso-Neira, Miguel A. & Sánchez-Bayón, Antonio & Castro-Oliva, Marcos, 2023. "Teoría austriaca del ciclo económico aplicada al caso español: del inicio del euro a la gran recesión y su recuperación [Austrian economic cycle theory applied to the Spanish case: from the begging," Revista de Métodos Cuantitativos para la Economía y la Empresa = Journal of Quantitative Methods for Economics and Business Administration, Universidad Pablo de Olavide, Department of Quantitative Methods for Economics and Business Administration, vol. 35(1), pages 280-310, June.
    4. Nicolás Cachanosky & Alexander W. Salter, 2017. "The view from Vienna: An analysis of the renewed interest in the Mises-Hayek theory of the business cycle," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 30(2), pages 169-192, June.
    5. Simon Bilo, 2021. "Hayek’s Theory of Business Cycles: A Theory That Will Remain Obscure?," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 36(Fall 2021), pages 27-47.
    6. Miguel Ángel Alonso-Neira & Antonio Sánchez-Bayón, 2024. "Spanish Boom-bust Cycle Within the Euro Area: Credit Expansion, Malinvestments & Recession (2002-2014)," Politická ekonomie, Prague University of Economics and Business, vol. 2024(4), pages 597-625.
    7. Arturo Hermann, 2018. "The Decline of the 'Original Institutional Economics' in the Post-World War II Period and the Perspectives of Today," Economic Thought, World Economics Association, vol. 7(1), pages 63-86, March.
    8. Nicolás Cachanosky & Peter Lewin, 2016. "Financial Foundations of Austrian Business Cycle Theory," Advances in Austrian Economics, in: Studies in Austrian Macroeconomics, volume 20, pages 15-44, Emerald Group Publishing Limited.
    9. Walter Labys, 2005. "Commodity Price Fluctuations: A Century of Analysis," Working Papers Working Paper 2005-01, Regional Research Institute, West Virginia University.
    10. Andrzej Jędruchniewicz, 2012. "Produkcja we wzrostowej fazie cyklu koniunkturalnego w Polsce," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 10, pages 73-95.
    11. William Luther & Mark Cohen, 2014. "An Empirical Analysis of the Austrian Business Cycle Theory," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 42(2), pages 153-169, June.
    12. Jędruchniewicz Andrzej, 2014. "Money Supply as the Target of the Central Bank," Folia Oeconomica Stetinensia, Sciendo, vol. 14(1), pages 116-136, June.
    13. Adrián O. Ravier & Nicolás Cachanosky, 2015. "Fiscal Policy in Capital-Based Macroeconomics with Idle Resources," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 30(Winter 20), pages 81-95.
    14. William J. Luther, 2021. "Two paths forward for Austrian macroeconomics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 34(2), pages 289-297, June.
    15. Peter Lewin & Nicolás Cachanosky, 2018. "Value and capital: Austrian capital theory, retrospect and Prospect," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 31(1), pages 1-26, March.
    16. Cachanosky, Nicolás & Lewin, Peter, 2016. "An empirical application of the EVA® framework to business cycles," Review of Financial Economics, Elsevier, vol. 30(C), pages 60-67.
    17. Akosah, Nana Kwame & Alagidede, Imhotep Paul & Schaling, Eric, 2020. "Testing for asymmetry in monetary policy rule for small-open developing economies: Multiscale Bayesian quantile evidence from Ghana," The Journal of Economic Asymmetries, Elsevier, vol. 22(C).
    18. Q. Akram & Gunnar Bårdsen & Kjersti-Gro Lindquist, 2007. "Pursuing financial stability under an inflation-targeting regime," Annals of Finance, Springer, vol. 3(1), pages 131-153, January.
    19. Andrea Ferrero & Mark Gertler & Lars E. O. Svensson, 2007. "Current Account Dynamics and Monetary Policy," NBER Chapters, in: International Dimensions of Monetary Policy, pages 199-244, National Bureau of Economic Research, Inc.
    20. Pelin Ilbas, 2006. "Optimal Monetary Policy rules for the Euro area in a DSGE framework," Working Papers of Department of Economics, Leuven ces0613, KU Leuven, Faculty of Economics and Business (FEB), Department of Economics, Leuven.

    More about this item

    Keywords

    ceny; wahania cen; struktura produkcji; szkoła austriacka;
    All these keywords.

    JEL classification:

    • C46 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Specific Distributions
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbp:nbpbik:v:51:y:2020:i:6:p:639-660. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wojciech Burjanek (email available below). General contact details of provider: https://edirc.repec.org/data/nbpgvpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.