This paper scrutinizes the behavior of individual forecasters included in the Consensus Forecast inflation data for the US. More precisely, we try to determine whether individual forecasters deviate systematically from ...

One of important financial stability risks in Poland is relatively high share of bank loans denominated in foreign currency extended to unhedged borrowers. Banks engaged in FX lending are exposed to indirect exchange ...

The recent global banking crisis was caused by an intertwined process consisting of the emergence of universal financial conglomerates, the development of global interbank money markets, and of regulatory capture leading ...

The chapter introduces a vector autoregressive model to study impacts of the banking sector in Poland on the real macroeconomic processes. The model includes variables that capture capital adequacy and credit risk in the ...

The paper contains results concerning theoretical and practical utility of a simple optimal control model describing monetary policy rules. Solving this model enables to find useful forms of optimal monetary rules for ...