Now showing items 1-20 of 39

    • Alfred Marshall’s Puzzles. Between Economics as a Positive Science and Economic Chivalry 

      Dzionek-Kozłowska, Joanna (Faculty of Economics and Sociology of the University of Lodz, 2015-09)
      Alfred Marshall’s approach to economics hides a paradox. On one hand, the ‘father’ of neoclassical economics strongly favoured conducting economics as a positive science. However, the fact that Marshall was such a consistent ...
    • Changes in nominal rigidities in Poland – a regime switching DSGE perspective 

      Baranowski, Paweł; Kuchta, Zbigniew (Faculty of Economics and Sociology of the University of Lodz, 2015-12)
      We estimate a dynamic stochastic general equilibrium model that allows for regimes Markov switching (MS-DSGE). Existing MS-DSGE papers for the United States focus on changes in monetary policy or shocks volatility, ...
    • Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models - A Review 

      Lütkepohl, Helmut; Staszewska-Bystrova, Anna; Winker, Peter (2018-09-30)
      Methods for constructing joint confidence bands for impulse response functions which are commonly used in vector autoregressive analysis are reviewed. While considering separate intervals for each horizon individually ...
    • Credible enough? Forward guidance and perceived National Bank of Poland’s policy rule 

      Baranowski, Paweł; Gajewski, Paweł (Faculty of Economics and Sociology of the University of Lodz, 2015-02)
      Credible forward guidance should bring down the perceived impact of macroeconomic variables on the interest rate. Using a micro-level dataset we test the perception of monetary policy in Poland among professional forecasters ...
    • Demand and Supply Shock Symmetry across Polish Voievodships 

      Gajewski, Paweł (2018-10-08)
      The aim of this paper is to evaluate the symmetry of demand and supply shocks affecting Polish voievodships and to assess the risk of asymmetric shocks in the future. The study employs the SVAR-based Blanchard and Quah ...
    • Does minimum wage reduce youth employment on regional labour markets in Poland? 

      Broniatowska, Paulina; Majchrowska, Aleksandra; Żółkiewski, Zbigniew (Faculty of Economics and Sociology, 2015-01)
      The main aim of the paper was to verify whether the changes in minimum to average wage ratio in Poland negatively affected youth (15-24 years old) employment rate. Moreover we tried to answer the question if this impact ...
    • Does the euro increase the complexity of exported goods? The case of Estonia 

      Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociologyof the University of Lodz, 2017)
      The goal of this article is to assess the impact of the euro adoption on the complexity of goods in Estonian exports. Ricardian and Heckscher-Ohlin models of trade would predict that such a policy decision (seen as an ...
    • Economic Development and the Spread of Diseases of Affluence in EU Regions 

      Żółtaszek, Agata; Olejnik, Alicja (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
      Diseases of affluence (diseases of the XXI c., Western diseases) by definition should have higher prevalence and/or mortality rates in richer and more developed countries than in poorer, underdeveloped states. Therefore, ...
    • Economic integration and export complexity: the case of Slovakia 

      Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociology, 2017-02)
      The goal of the article is to evaluate the impact of the European Union (EU) accession on the complexity of goods in Slovak exports. The traditional theories or trade (Ricardian and Heckscher-Ohlin models) show that such ...
    • Economics in Times of Crisis. In Search of a New Paradigm 

      Dzionek-Kozłowska, Joanna (Faculty of Economics and Sociology of the University of Lodz, 2014)
      The relationship between the development of economics and economic performance is not reducible to any set of simple rules. Among the historians of economic thought there is even a handful of those who perceive the ...
    • Firm-level productivity and international expansion of firms from the Lodz Voivodeship 

      Gabrielczak, Piotr; Serwach, Tomasz (Faculty of Economics and Sociology of the University of Lodz, 2016)
      The paper investigates the link between firm-level productivity and internationalization (through exports, imports and FDI) in the Lodz Voivodeship, Poland. Two hypotheses have been tested –self-selection and learning ...
    • Firm-size distribution in Poland – is power law applicable? 

      Gabrielczak, Piotr; Serwach, Tomasz (2019-09-20)
      The article focuses on power laws and their growing popularity in science in general and in economics specifically. The theoretical mechanisms responsible for their generating are reviewed. We also empirically test whether ...
    • Fiscal sustainability of the Visegrad Group countries in the aftermath of global economic crisis 

      Włodarczyk, Przemysław (Faculty of Economics and Sociology of the University of Lodz, 2017-01)
      The article investigates the sustainability of fiscal policies of the Visegrad Group countries (Poland, Czech Republic, Hungary and Slovakia) in the years 1996- 2015 using statistical and econometric analysis methods. ...
    • Gender wage gap by occupational groups in Poland 

      Majchrowska, Aleksandra; Strawiński, Paweł; Konopczak, Karolina; Skierska, Agnieszka (Faculty of Economics and Sociology of the University of Lodz, 2015-03)
      The purpose of this paper is to analyse the gender wage gap in Poland in different occupational groups. The authors aim to investigate how much of the raw differences in wages can be explained by differences in personal ...
    • Heterogeneity of households and the effects of fiscal policy in CEE countries 

      Krajewski, Piotr (Faculty of Economics and Sociology of the University of Lodz, 2016)
      We analyse the effects of fiscal policy in non-EMU Central and Eastern European counties. The analysis is based on new Keynesian model, which takes into account both optimizing Ricardian households and non-Ricardian ...
    • Improved asymptotic analysis of Gaussian QML estimators in spatial models 

      Olejnik, Jakub; Olejnik, Alicja (Faculty of Economics and Sociology, 2017-12)
      This paper presents a fundamentally improved statement on asymptotic behaviour of the well-known Gaussian QML estimator of parameters in high-order mixed regressive/autoregressive spatial model. We generalize the approach ...
    • Innovation and Economic Growth in European Union. Panel Data Analysis 

      Kacprzyk, Andrzej; Doryń, Wirginia (Faculty of Economics and Sociology, University of Lodz, 2015)
      This study examines the relationship between technological innovation and economic growth in European Union countries over the period 1993-2011. Using Blundell and Bond (1998) generalized method of the moments estimation ...
    • Institutions Without Culture. A Critique of Acemoglu and Robinson's Theory of Economic Development 

      Dzionek-Kozłowska, Joanna; Matera, Rafał (Faculty of Economics and Sociology of the University of Lodz, 2016-08)
      Acemoglu and Robinson’s theory presented in their famous Why Nations Fail, and other papers, should be placed among the institutional theories of economic development. Yet the problem is they strongly differentiate their ...
    • Measuring the Natural Rates of Interest in Germany and Italy 

      Bystrov, Victor (2018-10-22)
      In this paper a semi-structural econometric model is implemented in order to estimate the natural rates of interest in two large economies of the Euro Area: Germany an Italy. The estimates suggest that after the financial ...
    • Measuring uncertainty of optimal simple monetary policy rules in DSGE models 

      Górajski, Mariusz; Kuchta, Zbigniew (2018-10-15)
      This paper presents a new approach to measure the parameter uncertainty for optimal simple monetary policy rules in the New Keynesian dynamic stochastic general equilibrium models. More precisely, we propose a new algorithm ...