The main objective of the paper is to investigate properties of business cycles in Polish economy before and after the recent crisis. The essential issue addressed here is whether there exist statistical evidence that the recent crisis has affected the properties of the business cycle...

For a selected group of Latin America countries we estimated the parameters of convergence equations on the basis of annual data. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE) that departures from standard approach utilizing...

In this paper, we ask about the capacity of macroprudential policies to reduce the procyclical impact of capital ratio on bank lending. We focus on aggregated macroprudential policy measures and on individual instruments and test whether their effect on the association between lending and...