Details about Michal Brzoza-Brzezina

Access statistics for papers by Michal Brzoza-Brzezina.

Last updated 2022-11-29. Update your information in the RePEc Author Service.

Short-id: pbr47

Working Papers

2022

1. Monetary policy in a two-country model with behavioral expectations
   NBP Working Papers, Narodowy Bank Polski

2021

2. Aging, migration and monetary policy in Poland
   NBP Working Papers, Narodowy Bank Polski
   See also Journal Article in Gospodarka Narodowa. The Polish Journal of Economics (2022)
3. Intergenerational redistributive effects of monetary policy
   Working Papers, Warsaw School of Economics, Collegium of Economic Analysis View citations (2)
   Also in Working Papers, Faculty of Economic Sciences, University of Warsaw (2021) View citations (2)
   See also Journal Article in Journal of the European Economic Association (2022)
4. Monetary Policy and COVID-19
   IMF Working Papers, International Monetary Fund View citations (2)
   Also in Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2021) View citations (2)
   See also Journal Article in International Journal of Central Banking (2022)
5. The Great Lockdown: information, noise and macroeconomic fluctuations
   Working Papers, Warsaw School of Economics, Collegium of Economic Analysis
   Also in Working Papers, Faculty of Economic Sciences, University of Warsaw (2021)

2020

6. Demographics and the natural interest rate in the euro area
   Working Papers, Warsaw School of Economics, Collegium of Economic Analysis View citations (8)
   Also in Working Papers, Faculty of Economic Sciences, University of Warsaw (2020) View citations (8)
   See also Journal Article in European Economic Review (2020)
7. Distributional consequences of conventional and unconventional monetary policy
   NBP Working Papers, Narodowy Bank Polski
8. International confidence spillovers and business cycles in small open economies
   Working Papers, Warsaw School of Economics, Collegium of Economic Analysis View citations (2)
   Also in NBP Working Papers, Narodowy Bank Polski (2018)
   See also Journal Article in Empirical Economics (2021)
9. International information flows, sentiments and cross-country business cycle fluctuations
   Working Papers, Warsaw School of Economics, Collegium of Economic Analysis
   See also Journal Article in Review of International Economics (2022)

2019

10. Multi-period loans, occasionally binding constraints and monetary policy: a quantitative evaluation
    NBP Working Papers, Narodowy Bank Polski View citations (2)
    Also in Working Papers, Federal Reserve Bank of Cleveland (2019) View citations (1)
    Bank of England working papers, Bank of England (2018) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2020)

2018

11. Demographics, monetary policy and the zero lower bound
    2018 Meeting Papers, Society for Economic Dynamics View citations (19)
    Also in NBP Working Papers, Narodowy Bank Polski (2018) View citations (21)
12. The non-linear nature of country risk and its implications for DSGE models
    Working Papers, Warsaw School of Economics, Collegium of Economic Analysis View citations (4)
    Also in NBP Working Papers, Narodowy Bank Polski (2016) View citations (2)
    See also Journal Article in Macroeconomic Dynamics (2020)

2017

13. Could the boom-bust in the eurozone periphery have been prevented?
    NBP Working Papers, Narodowy Bank Polski View citations (6)
    Also in GRAPE Working Papers, GRAPE Group for Research in Applied Economics (2017) View citations (6)
    See also Journal Article in Journal of Common Market Studies (2019)
14. Crisis, contagion and international policy spillovers under foreign ownership of banks
    GRAPE Working Papers, GRAPE Group for Research in Applied Economics
    Also in Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2016)
    NBP Working Papers, Narodowy Bank Polski (2016)
    2015 Meeting Papers, Society for Economic Dynamics (2015)
    See also Journal Article in Journal of Financial Stability (2018)
15. Monetary and macroprudential policy with foreign currency loans
    GRAPE Working Papers, GRAPE Group for Research in Applied Economics View citations (8)
    Also in Working Paper Series, European Central Bank (2015) View citations (5)
    2014 Meeting Papers, Society for Economic Dynamics (2014) View citations (11)
    NBP Working Papers, Narodowy Bank Polski (2014) View citations (14)
    See also Journal Article in Journal of Macroeconomics (2017)

2016

16. Is Poland at risk of the zero lower bound?
    Working Papers, Warsaw School of Economics, Collegium of Economic Analysis View citations (5)
    See also Journal Article in Bank i Kredyt (2016)
17. The nonlinear nature of country risk
    EcoMod2016, EcoMod View citations (4)
18. Why may large economies suffer more at the zero lower bound?
    Working Papers, Warsaw School of Economics, Collegium of Economic Analysis
    Also in NBP Working Papers, Narodowy Bank Polski (2016)
    See also Journal Article in Applied Economics Letters (2016)

2015

19. A penalty function approach to occasionally binding credit constraints
    EcoMod2015, EcoMod View citations (9)
    Also in Dynare Working Papers, CEPREMAP (2013) View citations (5)
    NBP Working Papers, Narodowy Bank Polski (2013) View citations (4)
    See also Journal Article in Economic Modelling (2015)

2014

20. Can interest rate spreads stabilize the euro area?
    NBP Working Papers, Narodowy Bank Polski
    Also in EcoMod2014, EcoMod (2014)
    See also Journal Article in Applied Economics (2015)
21. Monetary and macroprudential policy with multi-period loans
    2014 Meeting Papers, Society for Economic Dynamics View citations (11)
    Also in NBP Working Papers, Narodowy Bank Polski (2014) View citations (15)
    Working Paper, Norges Bank (2014) View citations (25)

2013

22. Bayesian evaluation of DSGE models with financial frictions
    Working Papers, Department of Applied Econometrics, Warsaw School of Economics View citations (38)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) View citations (5)
    See also Journal Article in Journal of Money, Credit and Banking (2013)
23. Macroprudential policy and imbalances in the euro area
    NBP Working Papers, Narodowy Bank Polski View citations (26)
    Also in Working Paper Series, European Central Bank (2013) View citations (18)
    See also Journal Article in Journal of International Money and Finance (2015)
24. Would it have paid to be in the eurozone?
    Working Papers, Department of Applied Econometrics, Warsaw School of Economics View citations (1)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) View citations (5)
    See also Journal Article in Economic Modelling (2014)

2012

25. Competitiveness and external imbalances within the euro area
    Occasional Paper Series, European Central Bank View citations (12)
26. How forward looking are central banks? Some evidence from their forecasts
    NBP Working Papers, Narodowy Bank Polski
    See also Journal Article in Applied Economics Letters (2013)
27. Measuring the Natural Yield Curve
    EcoMod2012, EcoMod View citations (1)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) View citations (1)
    See also Journal Article in Applied Economics (2014)

2011

28. Can we prevent boom-bust cycles during euro area accession?
    NBP Working Papers, Narodowy Bank Polski
    Also in Working Paper Series, European Central Bank (2010) View citations (14)
    See also Journal Article in Open Economies Review (2014)
29. Monetary policy in a non-representative agent economy: A survey
    NBP Working Papers, Narodowy Bank Polski View citations (1)
    See also Journal Article in Journal of Economic Surveys (2013)
30. The anatomy of standard DSGE models with financial frictions
    NBP Working Papers, Narodowy Bank Polski View citations (9)
    See also Journal Article in Journal of Economic Dynamics and Control (2013)

2010

31. Credit Crunch in a Small Open Economy
    NBP Working Papers, Narodowy Bank Polski View citations (6)
    Also in MPRA Paper, University Library of Munich, Germany (2009) View citations (14)
    See also Journal Article in Journal of International Money and Finance (2011)
32. Substitution between domestic and foreign currency loans in Central Europe. Do central banks matter?
    Working Paper Series, European Central Bank View citations (57)
    Also in MPRA Paper, University Library of Munich, Germany (2007) View citations (31)

2009

33. Estimating pure inflation in the Polish economy
    Working Papers, Department of Applied Econometrics, Warsaw School of Economics View citations (4)

2008

34. Mr. Wicksell and the global economy: What drives real interest rates?
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) View citations (3)
    Also in Working Papers, Faculty of Economics and Statistics, University of Innsbruck (2007) View citations (5)
35. The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?
    NBP Working Papers, Narodowy Bank Polski View citations (9)
    Also in MPRA Paper, University Library of Munich, Germany (2008) View citations (8)

2007

36. Downward nominal wage rigidity in Poland
    NBP Working Papers, Narodowy Bank Polski View citations (11)
    Also in MPRA Paper, University Library of Munich, Germany (2006) View citations (3)

2005

37. Lending Booms in Europe’s Periphery: South-Western Lessons for Central-Eastern Members
    Macroeconomics, University Library of Munich, Germany View citations (13)
38. Lending booms in the new EU Member States: will euro adoption matter?
    Working Paper Series, European Central Bank View citations (31)

2004

39. Designing Poland's Macroeconomic Strategy on the Way to the Euro Area
    EUI-RSCAS Working Papers, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS) View citations (4)
    Also in Macroeconomics, University Library of Munich, Germany (2004)
40. The Information Content of the Natural Rate of Interest: The Case of Poland
    Macroeconomics, University Library of Munich, Germany View citations (11)

2003

41. Estimating the Natural Rate of Interest: A SVAR Approach
    Macroeconomics, University Library of Munich, Germany View citations (15)
    Also in NBP Working Papers, Narodowy Bank Polski (2002) View citations (8)
42. Exchange Rate Regimes and Poland's Participation in ERM II
    Macroeconomics, University Library of Munich, Germany View citations (13)

2002

43. The Relationship between Real Interest Rates and Inflation
    NBP Working Papers, Narodowy Bank Polski View citations (3)

Journal Articles

2022

1. Aging, Migration and Monetary Policy in Poland
   Gospodarka Narodowa. The Polish Journal of Economics, 2022, (1), 5-30
   See also Working Paper (2021)
2. Intergenerational Redistributive Effects of Monetary Policy
   (Price-Level Changes and the Redistribution of Nominal Wealth Across the Euro Area)
   Journal of the European Economic Association, 2022, 20, (2), 549-580
   See also Working Paper (2021)
3. International information flows, sentiments, and cross‐country business cycle fluctuations
   Review of International Economics, 2022, 30, (4), 1110-1147
   See also Working Paper (2020)
4. Monetary Policy and COVID-19
   International Journal of Central Banking, 2022, 18, (1), 41-80 View citations (1)
   See also Working Paper (2021)

2021

5. Are DSGE models irreparably flawed?
   Bank i Kredyt, 2021, 52, (3), 227-252
6. International confidence spillovers and business cycles in small open economies
   Empirical Economics, 2021, 61, (2), 773-798 View citations (1)
   See also Working Paper (2020)

2020

7. Demographics and the natural interest rate in the euro area
   European Economic Review, 2020, 129, (C) View citations (8)
   See also Working Paper (2020)
8. Multiperiod Loans, Occasionally Binding Constraints, and Monetary Policy: A Quantitative Evaluation
   Journal of Money, Credit and Banking, 2020, 52, (7), 1691-1718 View citations (6)
   See also Working Paper (2019)
9. THE NONLINEAR NATURE OF COUNTRY RISK AND ITS IMPLICATIONS FOR DSGE MODELS
   Macroeconomic Dynamics, 2020, 24, (3), 601-628 View citations (7)
   See also Working Paper (2018)

2019

10. Comment on “The limits of forward guidance” by Jeffrey R. Campbell, Filippo Ferroni, Jonas D. M. Fisher and Leonardo Melosi
    Journal of Monetary Economics, 2019, 108, (C), 135-139 View citations (3)
11. Could the Boom‐Bust in the Eurozone Periphery Have Been Prevented?
    Journal of Common Market Studies, 2019, 57, (2), 336-352 View citations (9)
    See also Working Paper (2017)

2018

12. Crisis, contagion and international policy spillovers under foreign ownership of banks
    Journal of Financial Stability, 2018, 36, (C), 293-304 View citations (5)
    See also Working Paper (2017)

2017

13. Monetary and macroprudential policy with foreign currency loans
    Journal of Macroeconomics, 2017, 54, (PB), 352-372 View citations (9)
    See also Working Paper (2017)

2016

14. Amplification of shocks at the zero lower bound in a small open and large closed economy
    Applied Economics Letters, 2016, 23, (14), 1029-1033 View citations (2)
    See also Working Paper (2016)
15. Is Poland at risk of the zero lower bound?
    Bank i Kredyt, 2016, 47, (3), 195-226 View citations (4)
    See also Working Paper (2016)

2015

16. A penalty function approach to occasionally binding credit constraints
    Economic Modelling, 2015, 51, (C), 315-327 View citations (9)
    See also Working Paper (2015)
17. Can interest rate spreads stabilize the euro area?
    Applied Economics, 2015, 47, (34-35), 3696-3709
    See also Working Paper (2014)
18. Macroprudential policy and imbalances in the euro area
    Journal of International Money and Finance, 2015, 51, (C), 137-154 View citations (75)
    See also Working Paper (2013)

2014

19. Can We Prevent Boom-Bust Cycles During Euro Area Accession?
    Open Economies Review, 2014, 25, (1), 35-69 View citations (24)
    See also Working Paper (2011)
20. Financial Frictions and Macroprudential Policy
    International Journal of Central Banking, 2014, 10, (2), 249-261 View citations (2)
21. Measuring the natural yield curve
    Applied Economics, 2014, 46, (17), 2052-2065 View citations (9)
    See also Working Paper (2012)
22. Would it have paid to be in the eurozone?
    Economic Modelling, 2014, 41, (C), 66-79 View citations (7)
    See also Working Paper (2013)

2013

23. Bayesian Evaluation of DSGE Models with Financial Frictions
    Journal of Money, Credit and Banking, 2013, 45, (8), 1451-1476 View citations (38)
    Also in Journal of Money, Credit and Banking, 2013, 45, (8), 1451-1476 (2013) View citations (10)
    See also Working Paper (2013)
24. How forward-looking are central banks? Some evidence from their forecasts
    Applied Economics Letters, 2013, 20, (2), 142-146 View citations (6)
    See also Working Paper (2012)
25. MONETARY POLICY IN A NON-REPRESENTATIVE AGENT ECONOMY: A SURVEY
    Journal of Economic Surveys, 2013, 27, (4), 641-669 View citations (6)
    See also Working Paper (2011)
26. The anatomy of standard DSGE models with financial frictions
    Journal of Economic Dynamics and Control, 2013, 37, (1), 32-51 View citations (54)
    See also Working Paper (2011)

2011

27. Credit crunch in a small open economy
    Journal of International Money and Finance, 2011, 30, (7), 1406-1428 View citations (35)
    See also Working Paper (2010)

2009

28. Bezwzględna stopa inflacji w gospodarce polskiej
    Gospodarka Narodowa. The Polish Journal of Economics, 2009, (9), 1-21 View citations (1)

2006

29. The information content of the neutral rate of interest
    The Economics of Transition, 2006, 14, (2), 391-412 View citations (13)