Przeglądaj według tematu "E31"
Wyświetlanie pozycji 1-10 z 10
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Money and prices in the Polish economy. Seasonal cointegration approach
(2005-05-22)The paper presents the analysis of the long run causality behaviour between money and prices in the Polish economy during the transition period. The study makes use of the monetary inflation model known as the P-star model, ... -
Price-wage system with taxation: multivariate cointegration analysis
(2006)The paper investigates the price system and the wage equation in the presence of taxes. Price formation is analysed at three levels: producer’s prices, trade in consumer goods and, separately, in services, and at the ... -
Forecasting inflation with dynamic factor model – the case of Poland
(2008-02-24)The purpose of the article is to evaluate the forecasting performance of dynamic factor models in forecasting inflation in the Polish economy. The factor models are based on the assumption that the behavior of most ... -
Estimating pure inflation in the Polish economy
(2009-06-28)This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to the central ... -
Inflation forecasting using dynamic factor analysis. SAS 4GL programming approach
(2012-08)The purpose of this article is to introduce an original macro code written in SAS 4GL. This macro is used to automate the process of forecasting with dynamic factor analysis. Automation of the process helps to save ... -
Joint identification of monopoly and monopsony power
(2020-06)The article presents a generalization of an identification scheme of a monopolistic markup proposed by De Loecker and Warzynski (2012). We showed the relation between a price markup and factor wedges arising either due to ... -
Demographics and the natural interest rate in the euro area
(2020-07)We investigate the impact of demographics on the natural rate of interest (NRI) in the euro area, with a particular focus on the role played by economic openness, migrations and pension system design. To this end, we ... -
Does inflation matter? The influence of perceived price changes on well-being
(2023-03)I confirm the foregoing state of the art for inflation and well-being correlation while filling the gap in the literature and estimating the effects of individuals’ inflation perception on well-being. I also discover the ... -
Supply chains shocks and inflation in Europe
(2023-09)This article quantifies the effects of supply chains disruptions on inflation in European economies. We apply the local projections method in a panel framework and estimate responses of nine measures of consumer and producer ... -
For whom the bill tolls: redistributive consequences of a monetary-fiscal stimulus
(2024-02)During the COVID-19 pandemic, governments in the euro area sharply increased spending, while the European Central Bank eased financing conditions. We use this episode to assess how such a concerted monetary-fiscal stimulus ...
