Brzoza-Brzezina, Michał; Makarski, Krzysztof; … - In: Economic Modelling 41 (2014) C, pp. 66-79
. In this paper we analyse how joining the euro area would have affected the Polish business cycle during the recent … financial crisis. To this end we construct a small open economy DSGE model and estimate it for Poland and the euro area. Then we … run a counterfactual simulation, assuming Poland's euro area accession in 1q2007. The results are striking — volatilities …