We assess the macroeconomic impact on Polish economy of the diversified package of about 120 different GHG mitigation levers, which were identified in the bottom-up sectoral analysis. For this purpose, we constructed a large scale, multi-sector dynamic stochastic general equilibrium (DSGE) model...

The contribution of this paper is to derive a bivariate distribution for inflation and output uncertainty with a well-defined role for subjective judgements. The marginal distributions for inflation and output growth are derived from uncertainty in the macro variables that are deemed to be...

The contribution of this paper is to derive a bivariate distribution for inflation and output uncertainty with a well-defined role for subjective judgements. The marginal distributions for inflation and output growth are derived from uncertainty in the macro variables that are deemed to be...

The contribution of this paper is to derive a bivariate distribution for inflation and output uncertainty with a well-defined role for subjective judgements. The marginal distributions for inflation and output growth are derived from uncertainty in the macro variables that are deemed to be...

This paper recasts Temin's (1976) question of whether monetary forces caused the Great Depression in a modern time series framework. We analyse money-income causalities and predict US output in a recursive Bayesian framework, allowing for information updating and time-varying coefficients. The...

Artículo de revista ; Against the backdrop of sharp monetary policy tightening, this article studies the links between bank deposit costs and the EURIBOR. In doing so the authors employ an SVAR multivariate model that jointly includes deposit rates and volumes, fitted on monthly data covering...

This paper recasts Temin's (1976) question of whether monetary forces caused the Great Depression in a modern time series framework. We analyze money-income causalities and predict U.S. output in a recursive Bayesian framework, allowing for information updating and time-varying coefficients. The...