Browsing Lodz Economics Working Papers by Author "Górajski, Mariusz"
Now showing items 1-3 of 3
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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 ... -
Optimal Goodwill Model with Consumer Recommendations and Market Segmentation
; Górajski, Mariusz (Faculty of Economics and Sociology of the University of Lodz, 2014)
We propose a new dynamic model of product goodwill where a product is sold in many market segments, and where the segments are indicated by the usage experience of consumers. The dynamics of product goodwill is described ... -
Robust Monetary Policy In A Linear Model Of The Polish Economy: Is The Uncertainty In The Model Responsible For The Interest Rate Smoothing Effect?
Górajski, Mariusz (Faculty of Economics and Sociology of the University of Lodz, 2016-01)
Estimates of the generalised Taylor rule suggest that monetary policy in Poland can be characterized as having reacted in a moderate fashion to output and in ation gaps and are strongly dependent on the lagged interest ...