Research & Conferences

Conducting monetary policy in an increasingly open economy which undergoes structural changes requires extensive, up-to-date knowledge on it`s behaviour. Despite the existence of a number of studies on the Polish economy our understanding of the underlying mechanisms is still unsatisfactory. Consequently, economic research belongs to the key activities of the National Bank of Poland. It should contribute to our understanding of economic processes and to the conduct of an efficient monetary policy.

In order to organize and systematize research studies at the National Bank of Poland an economic research framework has been developed. It identifies and describes four preferred research areas:

1. Conditions, strategy and effects of monetary policy,
2. Evolution and stability of the financial system,
3. Economic growth and the business cycle,
4. Methods of quantitative research,

together with key study problems that provide a more specific description of research topics important from the NBP`s perspective.

   The Economic Research Framework Programme of the National Bank of Poland for the years 2009-2012 (PDF - 72 KB)

It is expected that the vast majority of research studies conducted at the Bank be compatible with this framework. Research projects will originate from three sources:

• Permanent staff of the Bureau of Economic Research and Bureau of Applied Research ought to contribute a minimum of 80% of their working time to conducting high-quality research,
• Since 2009 the NBP introduces a rotation scheme which allows economists from analytical units to receive a period of leave from their daily activities. For a fixed period they will be allocated to one of the above mentioned Research Bureaus with the objective of conducting a research project. The choice of projects will be made on the basis of an open competition organised on annual basis by the NBP Economic Research Committee,
• Researchers not affiliated with the National Bank of Poland will also have the opportunity to submit their projects to the competition. Successful candidates will be offered NBP Research Grants and will be expected to contribute to the Bank’s research agenda. This means in particular preparing the project, presenting its results and contributing to the NBP Working Paper Series. Outside researchers will have the opportunity to interact with the Bank’s analytical and research staff.