KAE Working Papers: Odstanio dodane
Wyświetlanie pozycji 21-40 z 100
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Endogenous Labor Share Cycles: Theory and Evidence
(2016-09)Based on long US time series we document a range of empirical properties of the labor's share of GDP. We identify its substantial medium-to-long run, pro-cylical swings and show that most of its variance lies beyond ... -
Repeated moral hazard with costly self control
(2016-10)We consider a repeated principal-agent model, where a single agent exhibits problems of self control modelled using Gul and Pesendorfer (2001) type temptation preferences. In such a setting, for a parameterized strength ... -
An experiment on temptation and attitude towards paternalism
(2016-10)In this project we investigate experimentally the link between self-control and attitude towards paternalism in a principal-agent framework. This allows us to distinguish between models of costly self-control and models ... -
Multiple unemployment spells duration in Poland
(2016-08)I study multiple unemployment spells. I refer to Poland, as this country experiences high incidence of the long-term unemployment and long mean incomplete unemployment duration. I estimate conditional risk set model for ... -
On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty
(2016-11)We give a set of sufficient conditions for uniqueness of a time-consistent Markov stationary consumption policy for a quasi-hyperbolic household under uncertainty. To the best of our knowledge, this uniqueness result is ... -
Equilibrium foreign currency mortgages
(2016-12)This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Our argument is based on what we call the debt limit channel, which arises ... -
Does foreign sector help forecast domestic variables in DSGE models?
(2016-12)This paper evaluates the forecasting performance of several small open economy DSGE models relative to a closed economy benchmark using a long span of data for Australia, Canada and the United Kingdom. We find that opening ... -
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 ... -
The role of fractional-reserve banking in amplifying credit booms: evidence from panel data
(2017-03)I use panel data on 20 countries to analyze the links between savings (defined as time deposits and savings accounts) and credit extended by banks. Credit growth is not related to prior changes in savings, at least not in ... -
Mapping the Dimensions of Social Capital
(2017-03)We provide a novel survey dataset of a representative sample of the Polish population (n = 1000), allowing for a detailed quantification of Bourdieu's (1986) definition of social capital as the aggregate of resources ... -
When 0 + 1/3+1/3>2/3, but 0 + 0 +1/3 <1/3. How the median outcome impacts lottery valuation?
(2016-09)This paper presents the results of two experiments that exhibit monotonicity violations: some lotteries with three equally likely outcomes are valued more than a superior two-outcome lottery, while others are valued less ... -
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 ... -
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 ... -
Reforming housing rental market in a life-cycle model
(2017-09)Housing rental market share in most countries around the world is low. We explore the reasons behind this underdevelopment with a survey conducted among a representative group of 1005 Poles. It turns out that strong tenure ... -
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 ... -
Does inflation matter? The influence of perceived price changes on well-being
(2023-03)I confirm the foregoing state of the art for inflation and well-being correlation while filling the gap in the literature and estimating the effects of individuals’ inflation perception on well-being. I also discover the ... -
Local versions of Tarski’s theorem for correspondences
(2023-03)For a strong set order increasing (resp., strongly monotone) upper order hemicontinuous correspondence mapping a complete lattice A into itself (resp., a sigma-complete lattice into itself), we provide conditions for tight ... -
Flowers vs garbage trucks: which type of local government investment has the greatest impact on economic growth
(2023-03)Recently, there has been a rise in research focused on determining the magnitude of the fiscal multiplier. One aspect of this research involves estimating the fiscal multiplier of specific components of government revenues ... -
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 ... -
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 ...