Now showing items 1-2 of 2

    • Credible enough? Forward guidance and perceived National Bank of Poland’s policy rule 

      Baranowski, Paweł; Gajewski, Paweł (Faculty of Economics and Sociology of the University of Lodz, 2015-02)
      Credible forward guidance should bring down the perceived impact of macroeconomic variables on the interest rate. Using a micro-level dataset we test the perception of monetary policy in Poland among professional forecasters ...
    • Monetary policy stress in EMU during the moderation and the global crisis 

      Gajewski, Paweł (Faculty of Economics and Sociology of the University of Lodz, 2014)
      This paper re-examines the problem of monetary policy stress in the EMU, both prior to the crisis as well as after its outbreak. It aims to (firstly) reconfirm that monetary policy during the great moderation (i.e. until ...