Przeglądaj według autora "Makarski, Krzysztof"
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Crisis, contagion and international policy spillovers under foreign ownership of banks
Brzoza-Brzezina, Michał; Kolasa, Marcin; Makarski, Krzysztof (2016-03)This paper checks how international spillovers of shocks and policies are modified when banks are foreign owned. To this end we build a two-country macroeconomic model with banking sectors that are owned by residents of ... -
Monetary policy and COVID-19
Brzoza-Brzezina, Michał; Kolasa, Marcin; Makarski, Krzysztof (2021-07)We study the macroeconomic effects of the COVID-19 epidemic in a quantitative dynamic general equilibrium setup with nominal rigidities. We evaluate various containment policies and show that they allow to dramatically ... -
For whom the bill tolls: redistributive consequences of a monetary-fiscal stimulus
Brzoza-Brzezina, Michał; Jabłońska, Julia; Kolasa, Marcin; Makarski, Krzysztof (2024-02)During the COVID-19 pandemic, governments in the euro area sharply increased spending, while the European Central Bank eased financing conditions. We use this episode to assess how such a concerted monetary-fiscal stimulus ...