Przeglądaj KAE Working Papers według autora "Kotłowski, Jacek"
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The non-linear nature of country risk and its implications for DSGE models
Brzoza-Brzezina, Michał; Kotłowski, Jacek (2018-05)Country risk premia can substantially affect macroeconomic dynamics. We concentrate on one of their most important determinants - a country’s net foreign asset position and - in contrast to the existing research - investigate ... -
International information flows, sentiments and cross-country business cycle fluctuations
Brzoza-Brzezina, Michał; Kotłowski, Jacek; Wesołowski, Grzegorz (2020-03)Business cycles are strongly correlated between countries. One possible explanation (beyond traditional economic linkages like trade or finance) is that consumer or business sentiments spread over boarders and a ect cyclical ... -
International confidence spillovers and business cycles in small open economies
Brzoza-Brzezina, Michał; Kotłowski, Jacek (2020-05)The economic literature has for a long time been looking for explanations of a very strong international correlation of business cycles. This paper shows empirically that common fluctuations can to some degree be the effect ...