Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "small open economy"

Wyświetlanie pozycji 1-3 z 3

    • Why may large economies suffer more at the zero lower bound? 

      Brzoza-Brzezina, Michał (2016-06)
      This paper compares the consequences of hitting the zero lower bound in small open and large closed economies. I costruct a two-economy New Kenynesian model and calibrate it so that one economy is small and open and the ...

    • Is Poland at risk of the zero lower bound? 

      Brzoza-Brzezina, Michał; Kolasa, Marcin; Szetela, Mateusz (2016-07)
      In early 2015, the policy (open market operations) rate of Narodowy Bank Polski was reduced to an all-time low of 1.5%. At the same time, prices of consumer goods and services dropped by 1.5% in year-on-year terms. This ...

    • 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 ...