Browsing KAE Working Papers by Title
Now showing items 82-101 of 103
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Smets and Wouters model estimated with skewed shocks - empirical study of forecasting properties
(2016-12)In this paper we estimate a Smets and Wouters (2007) model with shocks following a closed skew normal distribution (csn) introduced in Gonzalez-Farias et al. (2004), which nests a normal distribution as a special case. In ... -
Social Network Dynamics : Individual-Level Mechanisms and Aggregate Outcomes
(2018-05-10)Based on a calibrated computational multi-agent model with an overlapping generations structure, we investigate society-level consequences of creation and destruction of social ties at the individual level. The steady state ... -
Social Network Structure and The Trade-Off Between Social Utility and Economic Performance
(2017-03)Based on a novel computational multi-agent model, we identify the keymechanisms allowing the social network structure, summarized by four key socialcapital dimensions (network degree, centrality, bridging and bonding social ... -
A solution to the global identification problem in DSGE models
(2023-01)We develop an analytical framework to study global identification in structural models with forward-looking expectations. Our identification condition combines the similarity transformation linking the observationally ... -
Spatial labour market matching
(2016-05)We analyse to what extent spatial interactions affect the labour market matching process. We apply spatial econometrics methods (including spatial panel Durbin model), which are rarely used in labour market matching analysis. ... -
Strategie, koalicje i szczęśliwe zakończenia: teoria gier w baśniach
(2023-06)Celem opracowania jest wskazanie przykładów zastosowań matematycznej teorii gier do opisu baśni i utworów bezpośrednio nimi inspirowanych. Przedstawione są podstawowe definicje teorii gier (strategia, strategia dominująca, ... -
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 ... -
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, ... -
Time consistent equilibria in dynamic models with recursive payoffs and behavioral discounting
(2020-11)We prove existence of time consistent equilibria in a wide class of dynamic models with recursive payoffs and generalized discounting involving both behavioral and normative applica-tions. Our generalized Bellman equation ... -
To What Extent does Convergence Explain the Slowdown in Potential Growth of the CEE Countries Following the Global Financial Crisis?
(2020-12)The paper estimates a simple growth model with time-varying cross-country fixed effects on a panel of high-income countries and decomposes changes in potential growth into convergence, movements in the steady state ... -
Transmission of monetary policy and exchange rate shocks under foreign currency lending
(2017-08)This paper analyses the differences in reaction of domestic and foreign currency lending to monetary and exchange rate shocks, using a panel VAR model estimated for three biggest Central and Eastern European countries ... -
Unexplained native-immigrant wage gap in Poland in 2015-2016. Insights from the surveys in Warsaw and in Lublin
(2018-10)In the modern history, Poland has never experienced large wave of labour immigration comparable to observed since 2014. Massive immigration provoked a public discussion about the consequences of immigration for the Polish ... -
Unraveling the economic performance of the CEEC countries. The role of exports and global value chains
(2018-02-08)In this study we assess the importance of exports and global value chains (GVC) participation for economic growth. Using novel methods and an extensive dataset, we decompose GDP growth in the Central and Eastern European ... -
Unravelling the Markups Changes: The Role of Demand Elasticity and Concentration
(2020-11)We propose a framework allowing to identify sources changes in aggregate markups. Our approach derives from the conjectural variation theory and allows to evaluate the role of price elasticity of demand as well as ... -
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 ... -
Value relevance of companies' financial statements in Poland
(2016-08)Paper presents three attempts to model the relationship between financial reports of the companies listed on the Warsaw Stock Exchange and their market valuation. Main sections of the paper include: (1) overview of the ... -
Weighting Sub-Populations in Longevity Inequality Research: A Practical Approach
(2017-08)The weights allowing calculation of life expectancy for a whole population as a weighted average of group-specific life expectancies are proposed. They are characterized by a minimum distance from the actual population ... -
What happens after an investment spike - investment events and firm performance
(2018-10)Our study aims at investigating the relationship between investment spikes andsubsequent productivity development at the firm level. We propose a novel identification scheme for the effects of an investment spike, 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. ... -
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 ...
