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Author
Baranowski, Paweł (2)
Gajewski, Paweł (1)Kuchta, Zbigniew (1)SubjectBayesian model comparison (1)C11 (1)E31 (1)E32 (1)expectations (1)forward guidance (1)J30 (1)Markov-switching DSGE models (1)nominal rigidities (1)P22 (1)... View MoreDate Issued2015 (2)Has File(s)Yes (2)

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Changes in nominal rigidities in Poland – a regime switching DSGE perspective 

Baranowski, Paweł; Kuchta, Zbigniew ORCID (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, ...
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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 ...

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