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Demand and Supply Shock Symmetry across Polish Voievodships
(2018-10-08)
The aim of this paper is to evaluate the symmetry of demand and supply shocks affecting Polish voievodships and to assess the risk of asymmetric shocks in the future. The study employs the SVAR-based Blanchard and Quah ...
Measuring uncertainty of optimal simple monetary policy rules in DSGE models
(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 ...
Skewness-Adjusted Bootstrap Confidence Intervals and Confidence Bands for Impulse Response Functions
(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 ...
Constructing Joint Confidence Bands for Impulse Response Functions of VAR Models - A Review
(2018-09-30)
Methods for constructing joint confidence bands for impulse response functions
which are commonly used in vector autoregressive analysis are reviewed.
While considering separate intervals for each horizon individually ...
Measuring the Natural Rates of Interest in Germany and Italy
(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 ...
Stocks and Flows in the Cointegration Context
(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 ...
The workforce’s age structure and wages—Do age and the type of occupation matter?
(2018-12-12)
This study aims to analyse the relationship between a workforce’s age structure and wages. Specifically, we aim to discover whether a relationship exists between the ageing workforce as observed in a majority of European ...