Browsing KAE Working Papers by Issue Date
Now showing items 61-80 of 107
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Efficiency in rewarding academic journal publications. The case of Poland
(2021-02)We consider the efficiency of a mechanism for incentivising publication in academic journals where a research supervisory body awards points for papers that appear in quality publications. Building on the principal-agent ... -
Quantitative Easing in the US and Financial Cycles in Emerging Markets
(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 ... -
Intergenerational redistributive effects of monetary policy
(2021-03)This paper investigates the distributional consequences of monetary policy across generations. We use a life-cycle model with a rich asset structure as well as nominal and real rigidities calibrated to the euro area using ... -
What makes a successful scientist in a central bank? Evidence from the RePEc database
(2021-04)This research analyzes factors affecting scientific success of central bankers. We combine data from the RePEc and EDIRC databases, which contain information about economic publications of authors from 182 central banks. ... -
The aggregate and redistributive effects of emigration
(2021-05)The 2004 EU enlargement has triggered large and rapid migration movements from the new to the old member states. The scale of this outflow was unprecedented in the CEE history and its structure was also different from ... -
What Will Drive Long-Run Growth in the Digital Age?
(2021-07)This paper considers the prospective sources of long-run growth in the future. Historically, in the industrial era and at the early stage of the digital era (which began approximately in the 1980s) the main growth engine ... -
Monetary policy and COVID-19
(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 ... -
Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions
(2021-10)The paper estimates macroeconomic effects and decomposes transmission channels of quantitative easing in the United States using 15-variable Bayesian vector autoregressive model with stochastic search variable selection ... -
Using geolocation data in spatial-econometric construction of multiregion input-output tables: a Bayesian approach
(2022-01)Interregional input-output tables for Poland at NUTS-3 level are built by using the Bayesian approach to spatial econometric analysis. I apply the multi-equation Durbin specification proposed by Torój (2021) to derive the ... -
The Aggregate and Distributional Effects of Fiscal Stimuli
(2022-01)This paper compares the aggregate and distributional effects of three fiscal policy instruments: government expenditures, unemployment benefits and transfers. To this end, the Diamond-Mortensen-Pissarides model of frictional ... -
Are Ideas Really Getting Harder To Find? R&D Capital and the Idea Production Function
(2022-02)We supplement the 'Idea Production Function' (IPF) with measures of R&D capital. We construct a time series of R&D capital stock in the US (1968-2019) based on cumulated R&D investment. We estimate the IPF with patent ... -
Iterative Monotone Comparative Statics
(2022-02)For an increasing upper order hemi-continuous correspondence F selfmapping sigma-complete lattice A, we first provide tight fixed-point bounds for sufficiently large iterations on F starting from any initial point a in A. ... -
On the sources of economic growth, structural consistency of agent-based models and mental-accounting consumer behaviour
(2022-03-18)An assessment of the sources of growth in agent- and general equilibrium-based models is presented, along a discussion of the strengths and weaknesses of existing approaches to growth modelling. The empirical and theoretical ... -
Learning own preferences through consumption
(2022-04)This paper provides theoretical foundations for preference discovery theory. We propose to relax the assumption that the consumer has perfect knowledge of their own preferences, so that the consumer knows only the subjective ... -
How do firms respond to demand and supply shocks?
(2022-04-12)The study aims to identify the granular demand and productivity shocks, their properties, and the responses of the important firm-level variables to these shocks. We use comprehensive data from the Polish enterprise sector ... -
R&D Capital : An Engine of Growth
(2022-05-10)Research and development (R&D) requires not only skilled research work, but also dedicated machinery and equipment: R&D capital. In this paper I demonstrate that R&D, producing labor-augmenting ideas, and the accumulation ... -
Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis
(2022-06)Unprecedented increases in European natural gas prices observed in late 2021 and early 2022 raise a question about the sources of these events. In this article we investigate this topic using a time-varying parameters ... -
Common typology of virtual communities and multi-sided platforms. Analysis of business models using qualitative system dynamics
(2022-06)This paper presents a common typology of virtual communities and multi-sided platforms. The analyzed entities comprise 69 of Poland's most prominent websites, representing one of two business models. Based on three dimensions: ... -
Reconstruction of the Social Cash Transfers System in Poland and Household Well-being : 2015 - 2018 Evidence
(2022-09)In this study, the impact of social benefits on poverty, and economic activity in Poland is examined. In 2016 a huge programme of cash transfers, referred to as Family 500+, was introduced. It was intended to support ... -
The Role of the Monetary Policy Stance for the Goverment Spending Multiplier in Poland
(2022-11)We empirically explore monetary and fiscal policy coordination in Poland. In particular, we study whether the empirical effects of a government spending shock on output depend on the stance of monetary policy. We find no ...