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Sources of regional inflation in Poland
(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 ...
Changes in nominal rigidities in Poland – a regime switching DSGE perspective
(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, ...