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Details about Michal Brzoza-Brzezina

E-mail:
Homepage:https://sites.google.com/view/michal-brzoza-brzezina
Phone:(+48) 22 653 15 74
Workplace:Katedra Ekonomii Ilościowej (Department of Quantitative Economics), Szkoła Główna Handlowa w Warszawie (Warsaw School of Economics), (more information at EDIRC)
Narodowy Bank Polski (National Bank of Poland), (more information at EDIRC)

Access statistics for papers by Michal Brzoza-Brzezina.

Last updated 2024-11-05. Update your information in the RePEc Author Service.

Short-id: pbr47


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Working Papers

2024

  1. Challenges for monetary and fiscal policy interactions in the post-pandemic era
    Occasional Paper Series, European Central Bank Downloads View citations (2)
  2. For whom the bill tolls: redistributive consequences of a monetary-fiscal stimulus
    Working Paper Series, European Central Bank Downloads View citations (1)
    Also in KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2024) Downloads

2023

  1. Estimates and projections of the natural rate of interest for Poland and the euro area
    NBP Working Papers, Narodowy Bank Polski Downloads
    See also Journal Article Estimates and Projections of the Natural Rate of Interest for Poland and the Euro Area, Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics (2024) Downloads (2024)

2022

  1. Monetary policy in a two-country model with behavioral expectations
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (3)

2021

  1. Aging, migration and monetary policy in Poland
    NBP Working Papers, Narodowy Bank Polski Downloads
    See also Journal Article Aging, Migration and Monetary Policy in Poland, Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics (2022) Downloads (2022)
  2. Intergenerational redistributive effects of monetary policy
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads View citations (4)
    Also in Working Papers, Faculty of Economic Sciences, University of Warsaw (2021) Downloads View citations (4)

    See also Journal Article Intergenerational Redistributive Effects of Monetary Policy, Journal of the European Economic Association, European Economic Association (2022) Downloads View citations (5) (2022)
  3. Monetary Policy and COVID-19
    IMF Working Papers, International Monetary Fund Downloads View citations (5)
    Also in KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2021) Downloads View citations (3)

    See also Journal Article Monetary Policy and COVID-19, International Journal of Central Banking, International Journal of Central Banking (2022) Downloads View citations (5) (2022)
  4. The Great Lockdown: information, noise and macroeconomic fluctuations
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads
    Also in Working Papers, Faculty of Economic Sciences, University of Warsaw (2021) Downloads

    See also Journal Article The great lockdown: information, noise, and macroeconomic fluctuations, Macroeconomic Dynamics, Cambridge University Press (2023) Downloads (2023)

2020

  1. Demographics and the natural interest rate in the euro area
    Working Papers, Faculty of Economic Sciences, University of Warsaw Downloads View citations (17)
    Also in KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2020) Downloads View citations (17)

    See also Journal Article Demographics and the natural interest rate in the euro area, European Economic Review, Elsevier (2020) Downloads View citations (12) (2020)
  2. Distributional consequences of conventional and unconventional monetary policy
    NBP Working Papers, Narodowy Bank Polski Downloads
  3. International confidence spillovers and business cycles in small open economies
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads View citations (2)
    Also in NBP Working Papers, Narodowy Bank Polski (2018) Downloads

    See also Journal Article International confidence spillovers and business cycles in small open economies, Empirical Economics, Springer (2021) Downloads View citations (1) (2021)
  4. International information flows, sentiments and cross-country business cycle fluctuations
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads
    See also Journal Article International information flows, sentiments, and cross‐country business cycle fluctuations, Review of International Economics, Wiley Blackwell (2022) Downloads (2022)

2019

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

    See also Journal Article Multiperiod Loans, Occasionally Binding Constraints, and Monetary Policy: A Quantitative Evaluation, Journal of Money, Credit and Banking, Blackwell Publishing (2020) Downloads View citations (8) (2020)

2018

  1. Demographics, monetary policy and the zero lower bound
    2018 Meeting Papers, Society for Economic Dynamics Downloads View citations (21)
    Also in NBP Working Papers, Narodowy Bank Polski (2018) Downloads View citations (23)

    See also Journal Article Demographics, Monetary Policy, and the Zero Lower Bound, Journal of Money, Credit and Banking, Blackwell Publishing (2023) Downloads View citations (2) (2023)
  2. The non-linear nature of country risk and its implications for DSGE models
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads View citations (4)
    Also in NBP Working Papers, Narodowy Bank Polski (2016) Downloads View citations (2)

    See also Journal Article THE NONLINEAR NATURE OF COUNTRY RISK AND ITS IMPLICATIONS FOR DSGE MODELS, Macroeconomic Dynamics, Cambridge University Press (2020) Downloads View citations (7) (2020)

2017

  1. Could the boom-bust in the eurozone periphery have been prevented?
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (6)
    Also in GRAPE Working Papers, GRAPE Group for Research in Applied Economics (2017) Downloads View citations (6)

    See also Journal Article Could the Boom‐Bust in the Eurozone Periphery Have Been Prevented?, Journal of Common Market Studies, Wiley Blackwell (2019) Downloads View citations (11) (2019)
  2. Crisis, contagion and international policy spillovers under foreign ownership of banks
    GRAPE Working Papers, GRAPE Group for Research in Applied Economics Downloads
    Also in KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2016) Downloads
    NBP Working Papers, Narodowy Bank Polski (2016) Downloads
    2015 Meeting Papers, Society for Economic Dynamics (2015) Downloads

    See also Journal Article Crisis, contagion and international policy spillovers under foreign ownership of banks, Journal of Financial Stability, Elsevier (2018) Downloads View citations (9) (2018)
  3. Monetary and macroprudential policy with foreign currency loans
    GRAPE Working Papers, GRAPE Group for Research in Applied Economics Downloads View citations (10)
    Also in 2014 Meeting Papers, Society for Economic Dynamics (2014) Downloads View citations (11)
    Working Paper Series, European Central Bank (2015) Downloads View citations (5)
    NBP Working Papers, Narodowy Bank Polski (2014) Downloads View citations (14)

    See also Journal Article Monetary and macroprudential policy with foreign currency loans, Journal of Macroeconomics, Elsevier (2017) Downloads View citations (13) (2017)

2016

  1. Is Poland at risk of the zero lower bound?
    KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis Downloads View citations (6)
    See also Journal Article Is Poland at risk of the zero lower bound?, Bank i Kredyt, Narodowy Bank Polski (2016) Downloads View citations (5) (2016)
  2. The nonlinear nature of country risk
    EcoMod2016, EcoMod Downloads View citations (4)
  3. Why may large economies suffer more at the zero lower bound?
    NBP Working Papers, Narodowy Bank Polski Downloads
    Also in KAE Working Papers, Warsaw School of Economics, Collegium of Economic Analysis (2016) Downloads

2015

  1. A penalty function approach to occasionally binding credit constraints
    EcoMod2015, EcoMod Downloads View citations (10)
    Also in NBP Working Papers, Narodowy Bank Polski (2013) Downloads View citations (4)
    Dynare Working Papers, CEPREMAP (2013) Downloads View citations (5)

    See also Journal Article A penalty function approach to occasionally binding credit constraints, Economic Modelling, Elsevier (2015) Downloads View citations (11) (2015)

2014

  1. Can interest rate spreads stabilize the euro area?
    NBP Working Papers, Narodowy Bank Polski Downloads
    Also in EcoMod2014, EcoMod (2014) Downloads

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

2013

  1. Bayesian evaluation of DSGE models with financial frictions
    Working Papers, Department of Applied Econometrics, Warsaw School of Economics Downloads View citations (44)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) Downloads View citations (5)

    See also Journal Article Bayesian Evaluation of DSGE Models with Financial Frictions, Journal of Money, Credit and Banking, Blackwell Publishing (2013) Downloads View citations (16) (2013)
  2. Macroprudential policy and imbalances in the euro area
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (28)
    Also in Working Paper Series, European Central Bank (2013) Downloads View citations (19)

    See also Journal Article Macroprudential policy and imbalances in the euro area, Journal of International Money and Finance, Elsevier (2015) Downloads View citations (92) (2015)
  3. Would it have paid to be in the eurozone?
    Working Papers, Department of Applied Econometrics, Warsaw School of Economics Downloads View citations (1)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) Downloads View citations (5)

    See also Journal Article Would it have paid to be in the eurozone?, Economic Modelling, Elsevier (2014) Downloads View citations (7) (2014)

2012

  1. Competitiveness and external imbalances within the euro area
    Occasional Paper Series, European Central Bank Downloads View citations (13)
  2. How forward looking are central banks? Some evidence from their forecasts
    NBP Working Papers, Narodowy Bank Polski Downloads
    See also Journal Article How forward-looking are central banks? Some evidence from their forecasts, Applied Economics Letters, Taylor & Francis Journals (2013) Downloads View citations (6) (2013)
  3. Measuring the Natural Yield Curve
    EcoMod2012, EcoMod Downloads View citations (1)
    Also in NBP Working Papers, Narodowy Bank Polski (2012) Downloads View citations (1)

    See also Journal Article Measuring the natural yield curve, Applied Economics, Taylor & Francis Journals (2014) Downloads View citations (10) (2014)

2011

  1. Can we prevent boom-bust cycles during euro area accession?
    NBP Working Papers, Narodowy Bank Polski Downloads
    Also in Working Paper Series, European Central Bank (2010) Downloads View citations (14)

    See also Journal Article Can We Prevent Boom-Bust Cycles During Euro Area Accession?, Open Economies Review, Springer (2014) Downloads View citations (30) (2014)
  2. Monetary policy in a non-representative agent economy: A survey
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (1)
    See also Journal Article MONETARY POLICY IN A NON-REPRESENTATIVE AGENT ECONOMY: A SURVEY, Journal of Economic Surveys, Wiley Blackwell (2013) Downloads View citations (6) (2013)
  3. The anatomy of standard DSGE models with financial frictions
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (9)
    See also Journal Article The anatomy of standard DSGE models with financial frictions, Journal of Economic Dynamics and Control, Elsevier (2013) Downloads View citations (64) (2013)

2010

  1. Credit Crunch in a Small Open Economy
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (6)
    Also in MPRA Paper, University Library of Munich, Germany (2009) Downloads View citations (14)

    See also Journal Article Credit crunch in a small open economy, Journal of International Money and Finance, Elsevier (2011) Downloads View citations (39) (2011)
  2. Substitution between domestic and foreign currency loans in Central Europe. Do central banks matter?
    Working Paper Series, European Central Bank Downloads View citations (56)
    Also in MPRA Paper, University Library of Munich, Germany (2007) Downloads View citations (30)

2009

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

2008

  1. Mr. Wicksell and the global economy: What drives real interest rates?
    Working Papers, Oesterreichische Nationalbank (Austrian Central Bank) Downloads View citations (3)
    Also in Working Papers, Faculty of Economics and Statistics, Universität Innsbruck (2007) Downloads View citations (5)
  2. The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?
    MPRA Paper, University Library of Munich, Germany Downloads View citations (8)
    Also in NBP Working Papers, Narodowy Bank Polski (2008) Downloads View citations (10)

2007

  1. Downward nominal wage rigidity in Poland
    NBP Working Papers, Narodowy Bank Polski Downloads View citations (12)
    Also in MPRA Paper, University Library of Munich, Germany (2006) Downloads View citations (3)

2005

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

2004

  1. 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) Downloads View citations (4)
    Also in Macroeconomics, University Library of Munich, Germany (2004) Downloads
  2. The Information Content of the Natural Rate of Interest: The Case of Poland
    Macroeconomics, University Library of Munich, Germany Downloads View citations (11)

2003

  1. Estimating the Natural Rate of Interest: A SVAR Approach
    Macroeconomics, University Library of Munich, Germany Downloads View citations (16)
    Also in NBP Working Papers, Narodowy Bank Polski (2002) Downloads View citations (8)
  2. Exchange Rate Regimes and Poland's Participation in ERM II
    Macroeconomics, University Library of Munich, Germany Downloads View citations (14)

2002

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

Journal Articles

2024

  1. Estimates and Projections of the Natural Rate of Interest for Poland and the Euro Area
    Gospodarka Narodowa. The Polish Journal of Economics, 2024, (3), 1-32 Downloads
    See also Working Paper Estimates and projections of the natural rate of interest for Poland and the euro area, NBP Working Papers (2023) Downloads (2023)

2023

  1. Demographics, Monetary Policy, and the Zero Lower Bound
    Journal of Money, Credit and Banking, 2023, 55, (7), 1857-1887 Downloads View citations (2)
    See also Working Paper Demographics, monetary policy and the zero lower bound, 2018 Meeting Papers (2018) Downloads View citations (21) (2018)
  2. The great lockdown: information, noise, and macroeconomic fluctuations
    Macroeconomic Dynamics, 2023, 27, (4), 906-927 Downloads
    See also Working Paper The Great Lockdown: information, noise and macroeconomic fluctuations, KAE Working Papers (2021) Downloads (2021)

2022

  1. Aging, Migration and Monetary Policy in Poland
    Gospodarka Narodowa. The Polish Journal of Economics, 2022, (1), 5-30 Downloads
    See also Working Paper Aging, migration and monetary policy in Poland, NBP Working Papers (2021) Downloads (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 Downloads View citations (5)
    See also Working Paper Intergenerational redistributive effects of monetary policy, KAE Working Papers (2021) Downloads View citations (4) (2021)
  3. International information flows, sentiments, and cross‐country business cycle fluctuations
    Review of International Economics, 2022, 30, (4), 1110-1147 Downloads
    See also Working Paper International information flows, sentiments and cross-country business cycle fluctuations, KAE Working Papers (2020) Downloads (2020)
  4. Monetary Policy and COVID-19
    International Journal of Central Banking, 2022, 18, (1), 41-80 Downloads View citations (5)
    See also Working Paper Monetary Policy and COVID-19, IMF Working Papers (2021) Downloads View citations (5) (2021)

2021

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

2020

  1. Demographics and the natural interest rate in the euro area
    European Economic Review, 2020, 129, (C) Downloads View citations (12)
    See also Working Paper Demographics and the natural interest rate in the euro area, Working Papers (2020) Downloads View citations (17) (2020)
  2. Multiperiod Loans, Occasionally Binding Constraints, and Monetary Policy: A Quantitative Evaluation
    Journal of Money, Credit and Banking, 2020, 52, (7), 1691-1718 Downloads View citations (8)
    See also Working Paper Multi-period loans, occasionally binding constraints and monetary policy: a quantitative evaluation, NBP Working Papers (2019) Downloads View citations (2) (2019)
  3. THE NONLINEAR NATURE OF COUNTRY RISK AND ITS IMPLICATIONS FOR DSGE MODELS
    Macroeconomic Dynamics, 2020, 24, (3), 601-628 Downloads View citations (7)
    See also Working Paper The non-linear nature of country risk and its implications for DSGE models, KAE Working Papers (2018) Downloads View citations (4) (2018)

2019

  1. 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 Downloads View citations (3)
  2. Could the Boom‐Bust in the Eurozone Periphery Have Been Prevented?
    Journal of Common Market Studies, 2019, 57, (2), 336-352 Downloads View citations (11)
    See also Working Paper Could the boom-bust in the eurozone periphery have been prevented?, NBP Working Papers (2017) Downloads View citations (6) (2017)

2018

  1. Crisis, contagion and international policy spillovers under foreign ownership of banks
    Journal of Financial Stability, 2018, 36, (C), 293-304 Downloads View citations (9)
    See also Working Paper Crisis, contagion and international policy spillovers under foreign ownership of banks, GRAPE Working Papers (2017) Downloads (2017)

2017

  1. Monetary and macroprudential policy with foreign currency loans
    Journal of Macroeconomics, 2017, 54, (PB), 352-372 Downloads View citations (13)
    See also Working Paper Monetary and macroprudential policy with foreign currency loans, GRAPE Working Papers (2017) Downloads View citations (10) (2017)

2016

  1. Amplification of shocks at the zero lower bound in a small open and large closed economy
    Applied Economics Letters, 2016, 23, (14), 1029-1033 Downloads View citations (3)
  2. Is Poland at risk of the zero lower bound?
    Bank i Kredyt, 2016, 47, (3), 195-226 Downloads View citations (5)
    See also Working Paper Is Poland at risk of the zero lower bound?, KAE Working Papers (2016) Downloads View citations (6) (2016)

2015

  1. A penalty function approach to occasionally binding credit constraints
    Economic Modelling, 2015, 51, (C), 315-327 Downloads View citations (11)
    See also Working Paper A penalty function approach to occasionally binding credit constraints, EcoMod2015 (2015) Downloads View citations (10) (2015)
  2. Can interest rate spreads stabilize the euro area?
    Applied Economics, 2015, 47, (34-35), 3696-3709 Downloads
    See also Working Paper Can interest rate spreads stabilize the euro area?, NBP Working Papers (2014) Downloads (2014)
  3. Macroprudential policy and imbalances in the euro area
    Journal of International Money and Finance, 2015, 51, (C), 137-154 Downloads View citations (92)
    See also Working Paper Macroprudential policy and imbalances in the euro area, NBP Working Papers (2013) Downloads View citations (28) (2013)

2014

  1. Can We Prevent Boom-Bust Cycles During Euro Area Accession?
    Open Economies Review, 2014, 25, (1), 35-69 Downloads View citations (30)
    See also Working Paper Can we prevent boom-bust cycles during euro area accession?, NBP Working Papers (2011) Downloads (2011)
  2. Financial Frictions and Macroprudential Policy
    International Journal of Central Banking, 2014, 10, (2), 249-261 Downloads View citations (2)
  3. Measuring the natural yield curve
    Applied Economics, 2014, 46, (17), 2052-2065 Downloads View citations (10)
    See also Working Paper Measuring the Natural Yield Curve, EcoMod2012 (2012) Downloads View citations (1) (2012)
  4. Would it have paid to be in the eurozone?
    Economic Modelling, 2014, 41, (C), 66-79 Downloads View citations (7)
    See also Working Paper Would it have paid to be in the eurozone?, Working Papers (2013) Downloads View citations (1) (2013)

2013

  1. Bayesian Evaluation of DSGE Models with Financial Frictions
    Journal of Money, Credit and Banking, 2013, 45, (8), 1451-1476 Downloads View citations (16)
    Also in Journal of Money, Credit and Banking, 2013, 45, (8), 1451-1476 (2013) Downloads View citations (44)

    See also Working Paper Bayesian evaluation of DSGE models with financial frictions, Working Papers (2013) Downloads View citations (44) (2013)
  2. How forward-looking are central banks? Some evidence from their forecasts
    Applied Economics Letters, 2013, 20, (2), 142-146 Downloads View citations (6)
    See also Working Paper How forward looking are central banks? Some evidence from their forecasts, NBP Working Papers (2012) Downloads (2012)
  3. MONETARY POLICY IN A NON-REPRESENTATIVE AGENT ECONOMY: A SURVEY
    Journal of Economic Surveys, 2013, 27, (4), 641-669 Downloads View citations (6)
    See also Working Paper Monetary policy in a non-representative agent economy: A survey, NBP Working Papers (2011) Downloads View citations (1) (2011)
  4. The anatomy of standard DSGE models with financial frictions
    Journal of Economic Dynamics and Control, 2013, 37, (1), 32-51 Downloads View citations (64)
    See also Working Paper The anatomy of standard DSGE models with financial frictions, NBP Working Papers (2011) Downloads View citations (9) (2011)

2011

  1. Credit crunch in a small open economy
    Journal of International Money and Finance, 2011, 30, (7), 1406-1428 Downloads View citations (39)
    See also Working Paper Credit Crunch in a Small Open Economy, NBP Working Papers (2010) Downloads View citations (6) (2010)

2009

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

2006

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