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Wyświetlanie pozycji 1-2 z 2

    • Monetary policy and COVID-19 

      Brzoza-Brzezina, Michał; Kolasa, Marcin; Makarski, Krzysztof (2021-07)
      We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with nominal rigidities. We evaluate various containment policies and show that they allow to dramatically ...

    • For whom the bill tolls: redistributive consequences of a monetary-fiscal stimulus 

      Brzoza-Brzezina, Michał; Jabłońska, Julia; Kolasa, Marcin; Makarski, Krzysztof (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 ...