Now showing items 16-35 of 44

    • Heterogeneity of households and the effects of fiscal policy in CEE countries 

      Krajewski, Piotr ORCID (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 ORCID; Olejnik, Alicja ORCID (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 ORCID; Doryń, Wirginia ORCID (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 ORCID (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 ORCID; Kuchta, Zbigniew ORCID (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 ...
    • Minimum wage and youth unemployment in local labor markets in Poland 

      Broniatowska, Paulina; Majchrowska, Aleksandra ORCID; Żółkiewski, Zbigniew (Faculty of Economics and Sociology of the University of Lodz, 2015-06)
      The aim of the paper is to analyze the impact of minimum wage on youth unemployment (less than 25 years old) in local (NUTS4) labor markets in Poland. The results show that minimum wage in Poland significantly affects youth ...
    • Minimum wage workers in the private sector in Poland: regional perspective 

      Majchrowska, Aleksandra ORCID; Strawiński, Paweł (2019-05-17)
      The aim of the paper is to analyse regional diversification of minimum wage workers in the private sector in Poland and identify regions more vulnerable to minimum wage increases. Firstly, we examine the regional differences ...
    • Monetary policy stress in EMU during the moderation and the global crisis 

      Gajewski, Paweł (Faculty of Economics and Sociology of the University of Lodz, 2014)
      This paper re-examines the problem of monetary policy stress in the EMU, both prior to the crisis as well as after its outbreak. It aims to (firstly) reconfirm that monetary policy during the great moderation (i.e. until ...
    • Optimal Goodwill Model with Consumer Recommendations and Market Segmentation 

      Bogusz, Dominika; Górajski, Mariusz ORCID (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 ...
    • Patterns of regional inflation persistence in a CEE country. The case of Poland 

      Gajewski, Paweł (Faculty of Economics and Sociology, 2017-02)
      This paper investigates patterns of regional inflation persistence in Poland, a representative CEE country. We first argue that the CEE perspective is relevant in the context of this study due to the recent transitions, ...
    • Regional effectiveness of innovation – leaders and followers of the EU NUTS 0 and NUTS 2 regions 

      Żółtaszek, Agata ORCID; Olejnik, Alicja ORCID (Faculty of Economics and Sociology, 2017-05)
      Innovation constitutes an important factor for growth in all EU countries. Regions of the EU play a principle role in shaping new innovation trajectories and in bringing out the hidden potential for national growth. However, ...
    • 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 ORCID (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 ...
    • Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions 

      Grabowski, Daniel; Staszewska-Bystrova, Anna ORCID; Winker, Peter (Faculty of Economics and Sociology, 2018-03-08)
      This Article Investigates The Construction Of Skewness-Adjusted Confidence Intervals And Joint Confidence Bands For Impulse Response Functions From Vector Autoregressive Models. Three Different Implementations Of The ...
    • Sources of regional inflation in Poland 

      Gajewski, Pawel ORCID (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 ...
    • Sovereign spreads and financial market behavior before and during the crisis 

      Gajewski, Paweł (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 ...
    • Spatial econometric approach to western diseases modelling 

      Olejnik, Alicja ORCID; Żółtaszek, Agata ORCID (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
      For years now, developed countries face an epidemic of high blood pressure, diabetes and high cholesterol, risk factors related to heart and circulatory disease, and a suite of psychological disorders ranging from depression, ...
    • Stocks and Flows in the Cointegration Context 

      Majsterek, Michał ORCID (2018-05)
      The paper describes relationships between stocks and flows in the context of cointegration analysis. Long-run and medium-term equilibrium relationships between stocks and flows are considered where stocks are described as ...
    • Structural Factor Analysis of Interest Rate Pass Through in Four Large Euro Area Economies 

      Banerjee, Anindya; Bystrov, Victor ORCID; Mizen, Paul (2019-05)
      In this paper we examine the influence of monetary policy decisions of the ECB on mort- gage and business lending rates offered by banks in the four major euro area countries (Germany, France, Italy and Spain). Since ...
    • Tale of two cities. A comparative study of relationship between education and economic prosperity 

      Rehman, Sharaf N.; Dzionek-Kozłowska, Joanna (Faculty of Economics and Sociology of the University of Lodz, 2016-07)
      Over the last century, the social function and the role of the universities and other higher education institutions (HEI) changed significantly. What the contemporary students expect to gain due to their university education ...