KAE Working Papers
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Celem serii KAE Working Papers jest natychmiastowe udostępnianie wyników badań naukowych środowisku akademickiemu, co pozwala na doskonalenie prowadzonych badań naukowych i bardziej intensywną dyskusję akademicką. Zapraszamy pracowników Kolegium oraz wszystkich studentów oraz współpracowników do publikowania aktualnych wyników badań w ramach serii. KAE Working Papers powstały w marcu 2016 r. jako kontynuacja dwóch serii: Applied Econometrics Papers (publikowanej w latach 2004-2015) oraz Working Paper Instytutu Demografii i Statystyki (publikowanej w latach 2009-2015).
Najnowsze pozycje
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The redistributive power of business cycle fluctuations
(2026-02)How do business cycles redistribute between generations, what are the redistribution channels and what role is played by monetary policy? We construct a New-Keynesian life-cycle model and estimate it for the United States. ... -
Evaluation of the underreporting of income across households in Bulgaria: extending the Pissarides-Weber approach
(2026-01)We estimate the personal income tax (PIT) gap in Bulgaria using the Pissarides and Weber (1989) methodology (“traces of true income” approach), which compares the relationship between food expenditure and income of ... -
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 ... -
Measuring the sectoral VAT gap in Bulgaria: estimates and its drivers
(2026-01)The goal of this paper is to estimate the level and provide a sectoral decomposition of the VAT gap in Bulgaria based on the unique dataset provided by the National Revenue Agency in Bulgaria (NRA). We focus on the output ... -
Causal analysis of demand-side economic growth sources using agent-based modelling
(2026-01)Research on economic growth has been focused predominantly on production and innovation. The issue of how the funds of consumers and firms grow enough to enable the growth of nominal and real sales has been clouded either ... -
Lifestyle Interdependence in Later Life: Actor and Partner Effects on Well-being in Older Couples
(2026-01)Research on lifestyle patterns in later life has predominantly examined isolated behaviors rather than integrated configurations of daily activities. Moreover, despite increasing partner interdependence in older adulthood, ... -
Exploring Personality and Well-being in Older Couples: APIM and DRSA models
(2026-01)Personality traits are strong predictors of subjective well-being with meta-analyses supporting the relationships. However, the role of personality similarity in romantic couples, especially among older adults, remains ... -
Everyday Cash Usage and Corruption Perception: Evidence From a Panel of Countries
(2025-07)This paper examines the relationship between cash usage in consumer transactions and corruption perception for a panel of 29 developed countries from 2012 to 2024. We construct a unique dataset based on payment diary studies ... -
Interim Correlated Rationalizability in Large Games
(2025-06)We provide general theoretical foundations for modeling strategic uncertainty in large distributional Bayesian games with general type spaces, using a version of interim correlated rationalizability. We then focus on the ... -
Innovation and Competition with Imperfect Patent Protection
(2025-05)We employ a duopoly model with horizontal differentiation of a product to analyse impact of imperfect patent rights in the form of a patent thicket on market entry and outcomes in a market when a single unit of a good is ... -
Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model
(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 ... -
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 ... -
The Role of Fiscal Rules for Spending Multipliers in European Union Countries
(2025-02)"This paper focuses on the role of fiscal rules in shaping the macroeconomic effects of fiscal policy. We compare the fiscal multipliers across the European Union members and search for the drivers of their heterogeneity. ... -
Monetary-Fiscal Forward Guidance
(2025-03)When central banks announce future interest rate cuts, the expected costs of servicing government debt decrease, freeing up additional resources in future budgets. This paper demonstrates that if the rational-expectations ... -
Economic dynamics may be different than it seems: multiplicity of relevant economic cycles
(2025-01)A model of cyclical signals, trend and noise is developed, allowing more than one cycle per each variable and the composition of cycles to differ for each macroeconomic aggregate. Estimation and best-model selection result ... -
Is panel Currency Demand equation homogeneous, why not, and what it means for shadow economy measurement
(2025-01)Currency Demand Analysis – one of the most popular macroeconometric techniques of shadow economy (SE) measurement – builds on equation explaining the share of cash in circulation in broader monetary aggregates, estimated ... -
Inherit Money or Brains? The Role of Inheritance and Its Taxation in OLG Analysis
(2024-12)Motivated by ongoing debates about the effectiveness of inheritance taxation in reducing wealth concentration—especially in contexts marked by strong family ties and rising wealth accumulation—this study employs an overlapping ... -
Trip your rival up and win the election? The influence of inter- and intra-party competition on allocation of discretionary investment grants in Poland
(2024-11)To date, there have been dozens of publications confirming the existence of alignment bias or hometown bias in the allocation of intergovernmental grants. However, the assumption is typically made that members of one party ... -
Synergy or competition? Case heterogeneity and court performance in Polish first-instance civil and commercial courts
(2024-11)In this study, we use data on Polish civil and commercial courts of first instance to examine the determinants of the court output measured by the number of cases they adjudicate. Besides taking into account a caseload, ... -
The Effects of Fiscal Policy Shocks: Evidence from a Bayesian SVAR Model With Uncertain Identifying Assumptions
(2024-11)We explore the effects of fiscal policy shocks on aggregate output and inflation. We use the novel Bayesian econometric methodology of Baumeister and Hamilton applied to the fiscal structural vector autoregressive model ...
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