No 08-2010, Rationality of expectations, another OCA criterion? A DSGE analysis - A. Torój
Source: Departament Polityki Finansowej, Analiz i Statystyki
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No 07-2010, What is the cost of funded pension scheme in Poland? - M. Kempa
Source: Departament Polityki Finansowej, Analiz i Statystyki
Funded defined contribution (FDC) scheme (Open Pension Funds) was created in Poland in 1999. 37.4% of the pension contribution is redirected to FDC, while the rest remains in the public notional...
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No 06-2010, Estimating the Baumol-Bowen and Balassa-Samuelson effects in the Polish economy - a disaggregated approach - K. Konopczak, A. Torój
Source: Departament Polityki Finansowej, Analiz i Statystyki
This paper estimates the magnitude of the Baumol-Bowen and Balassa-Samuleson effects in the Polish economy. The purpose of the analysis is to establish to what extent the differential price dynamics...
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No 05-2010, Seasonal adjustment of the consumer price index in Poland - A. Pierzak
Source: Departament Polityki Finansowej, Analiz i Statystyki
Seasonally adjusted inflation indexes are available in official statistics and commonly used for analyzing demand pressure in many developed countries. This paper studies the seasonality of consumer...
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No 04-2010, Responses of the Polish economy to demand and supply shocks under alternative fiscal policy rules - P. Karp, M. Zachłod-Jelec
Source: Departament Polityki Finansowej, Analiz i Statystyki
Recent experiences of many countries during the crisis restored the important dilemma that fiscal policymakers face of how to alleviate the demand contraction while ensuring sustainability of public...
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No 03-2010, Adjustment capacity in a monetary union a DSGE evaluation of Poland and Slovakia - A. Torój
Source: Departament Polityki Finansowej, Analiz i Statystyki
Once a country joins a monetary union, an efficient competitiveness channel is commonly considered to be the main substitute for the abandoned autonomous monetary and exchange rate policy. This paper...
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No 02-2010, Interrelations between consumption and wealth in Poland - M. Zachłod-Jelec
Source: Departament Polityki Finansowej, Analiz i Statystyki
This paper studies the long-run relationship between consumption, labour income and asset wealth in Poland. Within cointegrated VAR model dynamic responses of the variables in the system to shocks are...