Now showing items 1-3 of 3
Fiscal sustainability of the Visegrad Group countries in the aftermath of global economic crisis
(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. ...
Heterogeneity of households and the effects of fiscal policy in CEE countries
(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 ...
Sovereign spreads and financial market behavior before and during the crisis
(Faculty of Economics and Sociology of the University of Lodz, 2014)
This paper aims at shedding some light on the mechanisms of pricing the EMU countries’ sovereign bonds in financial markets. Employing the Augmented Mean Group (AMG) estimator, we find that major changes have occurred ...