Przeglądaj Kolegium Analiz Ekonomicznych / Collegium of Economic Analysis według tematu "zero lower bound"

Wyświetlanie pozycji 1-2 z 2

    • 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 ...