Balance sheet effect in the Polish economy

Szymon Grabowski
Additional contact information
Szymon Grabowski: Warsaw School of Economics

No 55, Working Papers from Department of Applied Econometrics, Warsaw School of Economics

Abstract: Paper refers to the relations between real economic activity and the state of nancial sys- tem. It presents how the balance sheet e ect works and how it in uences the real economic activity and the e ectiveness of the monetary policy. The empirical part of the paper presents the theoretical model, which is derived from classic assumptions. On the basis of this model, the balance sheet e ect in the Polish economy is verifed. The verifcation process is conducted on the basis of individual fnancial statements of 27 730 Polish companies encompassing period between 2002-2007.

Keywords: CCAPM; economic growth; nancial markets; term spreads; expectations (search for similar items in EconPapers)
JEL-codes: E44 G12 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2011-07-26
New Economics Papers: this item is included in nep-mon
References: Add references at CitEc
Citations:

Downloads: (external link)
http://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/stru ... Papers/aewp06-11.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/struktura/ZES/Documents/Working_Papers/aewp06-11.pdf [301 Moved Permanently]--> https://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/struktura/ZES/Documents/Working_Papers/aewp06-11.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wse:wpaper:55

Access Statistics for this paper

More papers in Working Papers from Department of Applied Econometrics, Warsaw School of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Marcin Owczarczuk ( this e-mail address is bad, please contact ).