Zobrazeno 1 - 10
of 43
pro vyhledávání: '"Łukasz Rawdanowicz"'
Publikováno v:
OECD Economics Department Working Papers.
This paper proposes an approach to assess the extent of automatic fiscal stabilisation of aggregate household disposable income after a specific shock. The approach is based on the national account identity of household disposable income and elements
Publikováno v:
OECD Economics Department Working Papers.
We estimate dynamic factor models for two sub-samples between 1995 and 2017 for up to 42 advanced and emerging-market economies to investigate changes in the contribution of global and regional factors to fluctuations in real GDP per capita growth, i
Publikováno v:
OECD Economics Department Working Papers.
With still large government debt and interest payments in many OECD countries, actively adjusting debt maturity can help to minimise debt servicing costs. Temporarily lengthening the maturity of new debt issuance may lower debt servicing costs in the
Publikováno v:
OECD Economics Department Working Papers.
This paper contributes to the empirical literature investigating reasons for the fall in real interest rates in advanced economies. It focuses on selected drivers from three broad categories: demographic changes; imbalances between supply of and dema
Autor:
Łukasz Rawdanowicz
Publikováno v:
OECD Journal: Economic Studies. 2013:91-119
Publikováno v:
OECD Economics Department Working Papers.
This paper analyses two-way interactions between monetary policy and inequality in selected advanced economies. In the context of a highly accommodative monetary stance over recent years, the analysis focuses on the effects of monetary policy on ineq
Autor:
Łukasz Rawdanowicz, Michał Rubaszek
Publikováno v:
International Review of Financial Analysis. 18:277-284
The paper presents an extended version of the fundamental equilibrium exchange rate model (FEER), which introduces potential output into foreign trade equations. We show that with this specification and under some plausible assumptions the equilibriu
Publikováno v:
OECD Economics Department Working Papers.
Dans de nombreux pays de l’OCDE, la palette des instruments de la politique monetaire s’est elargie depuis le debut de la crise financiere mondiale. Dans ce contexte, on s’efforce dans le present document d’analyser s’il conviendrait de con
Publikováno v:
OECD Economics Department Working Papers.
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest
Publikováno v:
OECD Economics Department Working Papers.
This paper describes developments in real long-term interest rates in the main OECD economies and surveys their various determinants. Real long-term government bond yields declined from the 1980s to very low levels in the recent period, though they h