Balance sheet effect in the Polish economy

• Autorzy: Szymon Grabowski
• Języki publikacji: EN

Abstrakty

EN

Paper refers to the relations between real economic activity and the state of financial system. It presents how the balance sheet effect works and how it influences the real economic activity and the effectiveness of the monetary policy. The empirical part of the paper presents the theoretical model, which is derived from classic assumptions. On the basis of this model, the balance sheet effect in the Polish economy is verified. The verification process is conducted on the basis of individual financial statements of 27 730 Polish companies encompassing period between 2002-2007. (original abstract)

Słowa kluczowe

EN

Economic growth; Monetary policy; Futures markets

PL

Wzrost gospodarczy; Polityka pieniężna; Terminowe rynki finansowe

• Czasopismo: Department of Applied Econometrics Working Papers
• Rocznik: 2011
• Numer: nr 6
• Strony: 17

Twórcy

autor

Szymon Grabowski

• Warsaw School of Economics, Poland

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