Following Poland’s accession to the EU there has been a major change in outward migration patterns from Poland. In the last three years Poland has witnessed an increased outflow of workers, especially to Great Britain and Ireland, two countries that opened up their labour markets as early as...

The article contains a review of monetary growth models. We analyze the ways in which money is introduced into these models and the models’ conclusions about the impact of inflation on investment. We find that the models differ widely with respect to the ways in which they account for money...

According to the Polish Central Statistical Office estimates, after the year 2004, in which Poland joined the EU, more than 1 million Polish citizens moved to other EU countries. The recent economic crisis that influenced Poland asymmetrically as compared to the main migrant destination...

We identify determinants of large disparities in local unemployment rates in Poland using panel data on NUTS-4 level (poviats). We find that the disparities are linked to local demographics, education and sectoral employment composition rather than to local demand factors. However, the impact of...

We identify determinants of large disparities in local unemployment rates in Poland using panel data on NUTS-4 level (poviats) We find that the disparities are linked to local demographics, education and sectoral employment composition rather than to local demand factors However, the impact of...

We identify fiscal impulses in the EU New Member States using four different methods and apply econometric panel data techniques to determine what is the response of output and its components to those impulses. We also directly test the effects of fiscal impulses on labor costs and households’...

We contribute to the new, albeit fast-growing empirical literature on the determinants of trust in central banks. Like in most other studies we use panel data models based on the Eurobarometer survey on trust in the European Central Bank. Firstly, we confirm the main conclusion from previous...

We estimate various panel fiscal reaction functions, including those of main categories of general government revenue and expenditure for 12 Euro area member states over the 1970-2013 period. We find that in the peripheral countries where sovereign bond yields decreased sharply in the years...

Central banks do not seem to account for the impact of interest rates close to zero on the natural interest rate after the bursting of the asset bubble that triggered the fi nancial crisis in 2008. We claim that this omission may have harmful consequences. Should interest rates close to zero...