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Auflistung nach Autor "Maćkowiak, Bartosz"
Anzeige der Publikationen 1-5 von 5
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2006-04-05DiskussionspapierExternal Shocks, U.S. Monetary Policy and Macroeconomic Fluctuations in Emerging Markets Maćkowiak, BartoszUsing structural VARs, I find that external shocks are an important source of macroeconomic fluctuations in emerging markets. Furthermore, U.S. monetary policy shocks affect quickly and strongly interest rates and the ...
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2005-12-15DiskussionspapierHow much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks? Maćkowiak, BartoszWe decompose by origin the sources of the variation in real aggregate output and aggregate price level in the Czech Republic, Hungary and Poland. We find that a sizable fraction of the variation is attributable to external ...
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2006-04-05DiskussionspapierMacroeconomic Regime Switches and Speculative Attacks Maćkowiak, BartoszThis paper explains a currency crisis as an outcome of a switch in how monetary policy and fiscal policy are coordinated. The paper develops a model of an open economy in which monetary policy starts active, fiscal policy ...
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2005-08-04DiskussionspapierOptimal Sticky Prices under Rational Inattention Maćkowiak, Bartosz; Wiederholt, MirkoIn the data, individual prices change frequently and by large amounts. In standard sticky price models, frequent and large price changes imply a fast response of the aggregate price level to nominal shocks. This paper ...
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2005-12-15DiskussionspapierWhat does the Bank of Japan do to East Asia? Maćkowiak, BartoszIn recent policy debates some have argued that expansionary monetary policy in Japan can increase real output in Japan and in Japan´s neighbors, while others have warned that it is a beggar-thy-neighbor policy. In this ...