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Changes in nominal rigidities in Poland – a regime switching DSGE perspective
(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, ...
Sources of regional inflation in Poland
(Faculty of Economics and Sociology of the University of Lodz, 2016-07)
This paper aims at shedding some light on the sources of regional inflation in Poland. More specifically, it investigates the role of external, national and idiosyncratic shocks. In a two-step procedure, we estimate ...