NBP Working Papers

From Narodowy Bank Polski
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Bibliographic data for series maintained by Jakub Growiec (mis@nbp.pl).

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223: Whose inflation is it anyway? The inflation spillovers between the euro area and small open economies

Aleksandra Hałka and Karol Szafranek

222: The relation between sovereign credit default swap premium and banking sector risk in Poland

Łukasz Gątarek and Marcin Wojtowicz

221: FOMC members’ incentives to disagree: regional motives and background influences

Hamza Bennani, Etienne Farvaque and Piotr Stanek

220: What drives the labour wedge? A comparison between CEE countries and the Euro Area

Małgorzata Skibińska

219: Quarterly estimates of regional GDP in Poland – application of statistical inference of functions of parameters

Mateusz Pipień and Sylwia Roszkowska

218: Asymmetric financial integration bank ownership and monetary policy in emerging economies

Piotr Denderski and Wojtek Paczos

217: Fiscal consolidation as a self-fulfilling prophecy on fiscal multipliers

Hubert Bukowski

216: Monetary policy and financial asset prices in Poland

Mariusz Kapuściński

215: In search for appropriate lower bound.Zero lower bound vs. positive lower bound under discretion and commitment

Piotr Ciżkowicz, Andrzej Rzońca and Andrzej Torój

214: Do heterogeneous expectations constitute a challenge for policy interaction?

Emanuel Gasteiger

213: Financialisation of the commodity markets. Conclusions from the VARX DCC GARCH

Karol Szafranek

212: Implementing Loan-To-Value and Debt-To-Income ratios: Learning from country experiences. The case of Poland

Beata Bierut, Tomasz Chmielewski, Adam Głogowski, Sławomir Zajączkowski and Andrzej Stopczyński

211: Modelling less developed emerging markets:the case of monetary transmission in Tunisia

Jan Przystupa and Ewa Wróbel

210: Modelling credit growth in commercial banks with the use of data from Senior Loan Officers Opinion Survey

Zuzanna Wośko

209: Central bank credibility and the expectations channel: Evidence based on a new credibility index

Grégory Levieuge, Yannick Lucotte and Sébastien Ringuedé

208: The effects of special economic zones on employment and investment: spatial panel modelling perspective

Piotr Ciżkowicz, Magda Ciżkowicz-Pękała, Piotr Pękała and Andrzej Rzońca

207: On the importance of the dual labour market for a country within a monetary union

Anna Kosior, Michał Rubaszek and Kamil Wierus

206: The behaviour of housing developers and aggregate housing supply

Jacek Łaszek and Krzysztof Olszewski

205: Changes in the size and structure of the European Union banking sector-the role of competition between banks

Małgorzata Pawłowska

204: Do central bank forecasts matter for professional forecasters?

Jacek Kotłowski

203: Membership in the Euro area and fiscal sustainability. Analysis through panel fiscal reaction functions

Piotr Ciżkowicz, Andrzej Rzońca and Rafał Trzeciakowski

202: Collateral constraints and macroeconomic asymmetries

Luca Guerrieri and Matteo Iacoviello

201: Isoelastic elasticity of substitution production functions

Jakub Growiec

200: Output gap measure based on survey data

Michał Hulej and Grzegorz Grabek

199: Investor sophistication and capital income inequality

Marcin Kacperczyk, Jaromir Nosal and Luminita Stevens

198: Structural and cyclical determinants of bank interest rate pass-through in Eurozone

Aurélien Leroy and Yannick Lucotte

197: Spatial and hedonic analysis of house price dynamics in Warsaw

Marta Widłak, Joanna Waszczuk and Krzysztof Olszewski

196: Determinants of non-cash payments

Lukasz Goczek and Bartosz Witkowski

195: On the modeling of size distributions when technologies are complex

Jakub Growiec

194: How frequently should we re-estimate DSGE models?

Marcin Kolasa and Michał Rubaszek

193: To believe or not to believe: monetary policy and the trend in house prices

Grzegorz Wesołowski

192: Monetary and macroprudential policy with multiperiod loans

Michal Brzoza-Brzezina, Paolo Gelain and Marcin Kolasa

190: Rented vs. owner-occupied housing and monetary policy

Margarita Rubio

189: Pricing sovereign credit risk of an emerging market

Gonzalo Camba-Mendez, Konrad Kostrzewa, Anna Mospan and Dobromił Serwa

188: Heterogeneous determinants of local unemployment in Poland

Piotr Ciżkowicz, Michał Kowalczuk and Andrzej Rzońca

187: A fiscal outlook for Poland: Update 2014

Janusz Jabłonowski and Christoph Müller

186: Poland’s exceptional performance during the world economic crisis: New growth accounting evidence

Michał Gradzewicz, Jakub Growiec, Marcin Kolasa, Lukasz Postek and Paweł Strzelecki

185: Market perception of sovereign credit risk in the euro area during the financial crisis

Gonzalo Camba-Mendez and Dobromił Serwa

184: Monetary and macroprudential policy with foreign currency loans

Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski

183: Can interest rate spreads stabilize the euro area?

Michal Brzoza-Brzezina, Jacek Kotłowski and Kamil Wierus

181: Estimating the risk of joint defaults: an application to central bank collateralized lending operations

Dariusz Gatarek and Juliusz Jabłecki

180: Monetary policy transmission mechanism in Poland What do we know in 2013?

Tomasz Łyziak, Mariusz Kapuściński, Ewa Stanisławska, Jan Przystupa, Ewa Wróbel and Anna Sznajderska

179: Interest rate pass-through in Poland. Evidence from individual bank data

Ewa Stanisławska

178: Inflation expectations in Poland, 2001–2013. Measurement and macroeconomic testing

Tomasz Łyziak

177: Credit rating agency downgrades and the Eurozone sovereign debt crises

Christopher Baum, Margarita Karpava, Dorothea Schäfer and Andreas Stephen

176: Information acquisition and learning from prices over the business cycle

BjÖrn Ohl and Taneli Mäkinen

175: The impact of bridging and bonding social capital on individual earnings: Evidence for an inverted U

Jakub Growiec and Katarzyna Growiec

174: Convergence and differentiation processes in local markets and structural changes (comparison of 16 markets in Poland)

Grażyna Baldowska, Robert Leszczyński and Barbara Myszkowska

173: The propensity to exports and the membership in the Economic and Monetary Union of Central and Eastern European Countries: the micro-econometric firm level analysis

Andrzej Cieślik and Jan Michałek

172: International transmission of liquidity shocks between parent banks and their affiliates: the host country perspective

Małgorzata Pawłowska, Dobromił Serwa and Sławomir Zajączkowski