Wpływ potencjalnych zmian składników popytu finalnego na gospodarkę Polski. Analiza na podstawie modelu WM-1

Aleksander Welfe and Piotr Karp

Gospodarka Narodowa-The Polish Journal of Economics, vol. 2018, issue 4

Abstract: The WM-1 model is a unique macromodel that uses monthly data to describe the functioning of the Polish economy. This article presents the results of a stochastic simulation obtained with the model that demonstrates the potential impacts on the Polish economy of: (1) increasing/decreasing exports, (2) increasing/decreasing investment outlays, and (3) increasing household incomes. The simulation shows that various sources of shocks induce different responses from the economy, both in terms of their strength and the speed of adjustment. There are also distinct asymmetry effects in the reactions of economic entities. The Polish economy has been shown to be more vulnerable to negative shocks decelerating economic activity than to shocks stimulating economic growth.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:polgne:359168

DOI: 10.22004/ag.econ.359168

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