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Distrust in the ECB – product of failed crisis prevention or of inappropriate cure?

Albinowski, Maciej; Ciżkowicz, Piotr; Rzońca, Andrzej - Volkswirtschaftliche Fakultät, … - 2013

findings are robust to changes in the estimation method, the definition of the lack of confidence shock, control variables and … been hit by a severe negative demand shock, while this ability is precondition of the central banks’ power to boost … in accordance with the ‘lack-of-confidence shock’ hypothesis developed by Schmitt-Grohé and Uribe (2012) and go against …

Persistent link: https://www.econbiz.de/10011260714

Panel data evidence on non-Keynesian efects of fiscal policy in the EU New Member

Borys, Paweł; Ciżkowicz, Piotr; Rzońca, Andrzej - Volkswirtschaftliche Fakultät, … - 2011

There is growing evidence that fiscal consolidation may contribute to economic growth even in the short term. In this paper we review recent research on such non-Keynesian fiscal policy effects and apply panel data econometric techniques to examine the consequences of fiscal consolidation in the...

Persistent link: https://www.econbiz.de/10009203623

Inflation and corporate investment in selected OECD countries in the years 1960-2005 – an empirical analysis

Ciżkowicz, Piotr; Rzońca, Andrzej - Volkswirtschaftliche Fakultät, … - 2010

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts to answer the question what are the direction and strength of this possible impact examining the relationship between corporate investment and inflation on the sample of 21 OECD...

Persistent link: https://www.econbiz.de/10008923022

Heterogeneous determinants of local unemployment in Poland

Ciżkowicz, Piotr; Kowalczuk, Michał; Rzońca, Andrzej - Volkswirtschaftliche Fakultät, … - 2014

We identify determinants of large disparities in local unemployment rates in Poland using panel data on NUTS-4 level (poviats). We find that the disparities are linked to local demographics, education and sectoral employment composition rather than to local demand factors. However, the impact of...

Persistent link: https://www.econbiz.de/10011109389