Zobrazeno 1 - 10
of 17
pro vyhledávání: '"Michał Brzoza-Brzezina"'
Autor:
Marcin Bielecki, Michał Brzoza-Brzezina, Aneta Błażejowska, Kamila Kuziemska-Pawlak, Grzegorz Szafrański
Publikováno v:
Gospodarka Narodowa. The Polish Journal of Economics, Vol 319, Iss 3, Pp 1-32 (2024)
We use a wide range of models (time series, semi-structural and structural) to estimate, project and explain the evolution of the natural rate of interest (NRI) in Poland (PL) and in the euro area (EA). Our findings are as follows: (i) the NRIs decli
Externí odkaz:
https://doaj.org/article/4a804ad09a70444d87ad191b03eddf79
Publikováno v:
Gospodarka Narodowa. The Polish Journal of Economics, Vol 309, Iss 1, Pp 5-30 (2022)
Poland faces a particularly sharp demographic transition. The old-age dependency ratio is expected to increase from just above 20% in 2000 to over 60% in 2050. At the same time, the country has recently witnessed a huge wave of immigration, mostly fr
Externí odkaz:
https://doaj.org/article/d7ee469eb68d4bae9a59f44790fb0ab2
Publikováno v:
Review of International Economics. 30:1110-1147
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::07174d6fdc04f923d8740a2c225814ad
https://doi.org/10.1111/roie.12597
https://doi.org/10.1111/roie.12597
Publikováno v:
Macroeconomic Dynamics. 27:906-927
This paper argues that not only actual lockdowns can affect economies but also noisy information about them. We construct a New Keynesian model with imperfect information about how long the lockdown would last. On the one hand, a false signal about t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::0cecdfa4a14d3433e732008dd9cd910a
https://doi.org/10.1017/s1365100521000705
https://doi.org/10.1017/s1365100521000705
Autor:
Michał Brzoza-Brzezina
Publikováno v:
Scopus-Elsevier
Incorporating financial intermediaries, with their ability to generate shocks and frictions, into macroeconomic models has recently gained substantial attention of the profession. In this commentary I ask whether the models we generated are ripe to p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=dedup_wf_001::1f5bc2440c819f31ed15b5457285a5aa
http://www.ijcb.org/journal/ijcb14q2a10.pdf
http://www.ijcb.org/journal/ijcb14q2a10.pdf
Publikováno v:
Gospodarka Narodowa. 234:1-21
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1dd6adeaa38ef4212a16588e66a6079e
https://doi.org/10.33119/gn/101217
https://doi.org/10.33119/gn/101217
Autor:
Michał Brzoza-Brzezina
Publikováno v:
Gospodarka Narodowa. 178:19-40
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b11c5eb7b372ee789cf3ae7a6275723b
https://doi.org/10.33119/gn/113857
https://doi.org/10.33119/gn/113857
Publikováno v:
SSRN Electronic Journal.
We study the implications of multi-period loans for monetary and macroprudential policy, considering several realistic modifications – variable vs. fixed loan rates, non-negativity constraint on newly granted loans, and possibility for the collater
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::7c4ba4fbd162cb33af588050afb5d538
https://doi.org/10.2139/ssrn.2646611
https://doi.org/10.2139/ssrn.2646611
Autor:
Michał Brzoza-Brzezina, Marcin Kolasa
We evaluate two most popular approaches to implementing financial frictions into DSGE models: the Bernanke et al. (1999) setup, where financial frictions enter through the price of loans, and the Kiyotaki and Moore (1997) model, where they concern th
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::6cdd61bb8826eaf1bf1e8ab88fc121f5
http://www.nbp.pl/publikacje/materialy_i_studia/109_en.pdf
http://www.nbp.pl/publikacje/materialy_i_studia/109_en.pdf
We estimate forward-looking Taylor rules on data from macroeconomic forecasts of three central banks (Bank of England, National Bank of Poland and Swiss National Bank) in order to determine the extent to which these banks are forward looking in their
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od_______645::4df0df77f15cc62cc06e1ed365de0898
http://www.nbp.pl/publikacje/materialy_i_studia/112_en.pdf
http://www.nbp.pl/publikacje/materialy_i_studia/112_en.pdf