Przeglądaj według autora "Galiński, Paweł"
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Monetary and fiscal policy in a two-country model with behavioral expectations
(2025-03)We check how monetary and fiscal policies (in particular their open-economy dimensions) are affected by expectations being behavioral in the spirit of Gabaix (2020). We first show that the data strongly favor this setting ... -
Beliefs That Move the Economy: Shocks to Firms’ and Households’ Inflation Expectations
(2026-02)This paper examines shocks to inflation expectations and argues that distinguishing between households’ and firms’ expectations is crucial for understanding their macroeconomic role. First, using an analytical example, I ...
