Stylized Facts of Macroeconomics: the Polish Experience

• Authors: Rosiak-Lada K.
• Languages of publication: EN

Abstracts

EN

The aim of this paper is to provide detailed analysis of quarterly frequency dynamics in macroeconomic aggregates in Poland. The following areas of concern have been included: the balanced growth theory, the comparison of empirical performance of the New Classical, New Keynesian and Hybrid Philips curve specifications and the changes of macroeconomic stylized facts across the monetary regimes. Thorough analysis of those, as well as other facts, may contribute significantly to the development of macromodelling of Poland. Analysis of other facts has also been conducted, however due to limited space is not provided. The main result of the presented analysis is to give overwhelming evidence that the standard textbook stylized facts of macroeconomics present a reasonably good approximation to the behaviour of Polish economy, providing that this analysis takes into account that the Polish time series are contaminated with outliers.

Keywords

EN

ECONOMIC GROWTH; MACROECONOMIC AGGREGATES (POLAND)

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wydział Nauk Ekonomicznych Uniwersytetu Warszawskiego
• Journal: Ekonomia. Rynek, Gospodarka, Społeczeństwo
• Year: 2008
• Issue: 20
• Pages: 51-67
• Document type: ARTICLE

Contributors

author

Rosiak-Lada K.

• K. Rosiak-Lada, Uniwersytet Warszawski, Wydzial Nauk Ekonomicznych, ul. Dluga 44/50. 00-241 Warszawa, Poland

Identifiers

CEJSH db identifier

08PLAAAA04698963