Showing 161 - 170 of 465
There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but very important aspect, namely - the macroeconomic impact of the loss of autonomous monetary policy. In order to answer this question, we build a two country DSGE model with...
Persistent link: https://www.econbiz.de/10009641436
Poland is obligated to adopt the euro after the fulfilment, inter alia, of the exchange rate criterion which requires entering the Exchange Rate Mechanism II (ERM II). The European Central Bank recommends that the ERM II central rate should reflect the best possible assessment of the equilibrium...
Persistent link: https://www.econbiz.de/10009641437
In this paper we address the issue of tax burden and its measurement, beginning with a discussion of use of tax-to-GDP ratio for this purpose. We show that this commonly used indicator has a number of flaws, related to the methodology of calculation of taxes and GDP in national accounts....
Persistent link: https://www.econbiz.de/10009641438
In the last fifteen years foreign banks have expanded their presence significantly in almost all developing economies. The transition countries are among those economies that have experienced one of the highest levels of banking internationalization in the world. The foreign controlled banking...
Persistent link: https://www.econbiz.de/10009641439
The model of the wage bargaining constitutes a framework for calculation of the NAWRU in Poland. The approach used in the paper let me trace changes of the natural unemployment rate in Poland in the context of structural changes in the economy in the last decade. Moreover, I introduced the...
Persistent link: https://www.econbiz.de/10009641440
We use data on enterprise level from a survey of medium sized and big companies to test for downward nominal wage rigidity in Poland. We find relatively weak support for downward nominal wage rigidity when average total compensation in the enterprise is taken into account. However, since this...
Persistent link: https://www.econbiz.de/10009641441
DSGE models have recently become one of the most frequently used tools in policy analysis. Nevertheless, their forecasting proprieties are still unexplored. In this article we address this problem by examining the quality of forecasts from a small size DSGE model, a trivariate VAR model and the...
Persistent link: https://www.econbiz.de/10009641442
In the paper temporary migration flows are analyzed in conjunction with information on labour market gross flows. Gross migration flows were calculated on the base of the household survey that is conducted jointly with the LFS survey in Poland. The results indicate that the propensity to...
Persistent link: https://www.econbiz.de/10009641443
Persistent link: https://www.econbiz.de/10009641444
This paper addresses the relationship between growth of relative productivity in Polish manufacturing sectors and forces stemming from trade integration with the EU. We look at the productivity growth from the perspective of relations between Polish manufacturing sectors and the foreign ones,...
Persistent link: https://www.econbiz.de/10009643611