Poland's Lengthy Financial Cycle Impacts Long-Term Growth and Stability
The article looks at how financial cycles in Poland affect the country's business cycle. By analyzing data from 1992 to 2018, the researchers found that financial cycles in Poland last longer than normal business cycles and have a significant impact on long-term growth. The study suggests that policymakers should pay attention to financial cycles and adjust fiscal and monetary policies accordingly to promote sustainable economic growth and prevent future financial crises.