Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według autora "Stefański, Maciej"
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GDP Effects of Pandemics: A Historical Perspective
Stefański, Maciej (2020-12)The paper estimates dynamic effects of pandemics on GDP per capita with local projections, controlling for the effects of wars and weather conditions, using a novel dataset that covers 33 countries and stretches back to ... -
To What Extent does Convergence Explain the Slowdown in Potential Growth of the CEE Countries Following the Global Financial Crisis?
Stefański, Maciej (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 ... -
Macroeconomic Effects of Quantitative Easing Using Mid-sized Bayesian Vector Autoregressions
Stefański, Maciej (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 ... -
Quantitative Easing During the COVID-19 Pandemic: A Cross-Country Study
Stefański, Maciej (2023-06)This paper estimates the financial market and macroeconomic effects of central bank asset purchases (quantitative easing, QE) in 16 economies which have launched asset purchases for the first time in response to the COVID-19 ... -
Natural Rate of Interest in a Small Open Economy with Application to CEE Countries
Stefański, Maciej (2023-09)This paper extends the Laubach-Williams (2003) framework, which is widely used to estimate the natural rate of interest, to make it more suitable for studying small open economies. The model is augmented with consumer ...