Wyświetlanie pozycji 1-6 z 6

    • Reaction functions of the Polish central bankers. A logit approach 

      Kotłowski, Jacek (2005-05-22)
      Paper presents the analysis of individual reactions functions of Polish Monetary Policy Council (MPC) members in the years 2004–2005. In the period under study the Polish central bank (National Bank of Poland) used the ...
    • Does foreign sector help forecast domestic variables in DSGE models? 

      Kolasa, Marcin; Rubaszek, Michał (2016-12)
      This paper evaluates the forecasting performance of several small open economy DSGE models relative to a closed economy benchmark using a long span of data for Australia, Canada and the United Kingdom. We find that opening ...
    • Equilibrium foreign currency mortgages 

      Kolasa, Marcin (2016-12)
      This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Our argument is based on what we call the debt limit channel, which arises ...
    • Quantitative Easing in the US and Financial Cycles in Emerging Markets 

      Kolasa, Marcin; Wesołowski, Grzegorz (2021-03)
      Large international capital movements tend to be associated with strong fluctuations in asset prices and credit, contributing to domestic financial cycles and posing challenges for stabilization policies, especially in ...
    • Supply chains shocks and inflation in Europe 

      Mućk, Jakub; Postek, Łukasz (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 ...
    • Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model 

      Kolasa, Marcin; Ravgotra, Sahil; Zabczyk, Pawel (2025-03)
      We analyze the implications of adding boundedly rational agents a la Gabaix (2020) to the canonical New Keynesian open economy model. We show that accounting for myopia mitigates several ``puzzling" aspects of the relationship ...