Michal Brzoza-Brzezina

National Bank of Poland

00-919 Warsaw

Poland

Warsaw School of Economics (SGH)

aleja Niepodleglosci 162

PL-Warsaw, 02-554

Poland

SCHOLARLY PAPERS

24

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1,510

SSRN CITATIONS
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Top 15,931

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11

CROSSREF CITATIONS

43

Scholarly Papers (24)

1.

Substitution Between Domestic and Foreign Currency Loans in Central Europe. Do Central Banks Matter?

ECB Working Paper No. 1187
Number of pages: 38 Posted: 14 May 2010
Michal Brzoza-Brzezina, Tomasz Chmielewski and Joanna Niedźwiedzińska
National Bank of Poland, Warsaw School of Economics (SGH) and National Bank of Poland
Downloads 181 (170,433)
Citation 2

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Domestic and Foreign Currency Loans, Substitution, Monetary Policy, Central Europe

2.

Lending Booms in the New EU Member States: Will Euro Adoption Matter?

ECB Working Paper No. 543
Number of pages: 50 Posted: 30 Nov 2005
Michal Brzoza-Brzezina
National Bank of Poland
Downloads 181 (170,433)
Citation 1

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lending booms, euro area, banking sector stability, new Member States

3.

Competitiveness and External Imbalances within the Euro Area

ECB Occasional Paper No. 139
Number of pages: 76 Posted: 09 Feb 2013
World Bank, European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), European Central Bank (ECB), Bank of Lithuania, Deutsche Bundesbank, Bank of Greece, Independent, Banco de España, Banque de France, Banque de France, Bank of Italy, Independent, Central Bank of Malta - Modelling and Research Office, Bank of Latvia, National Bank of Poland, Bank of Portugal, Magyar Nemzeti Bank and Independent
Downloads 134 (219,397)

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competitiveness, trade, open economy, Euro area, macro models, simulations

4.

The Anatomy of Standard DSGE Models with Financial Frictions

Bank of Poland Working Paper No. 80
Number of pages: 41 Posted: 20 Apr 2011
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 111 (252,585)
Citation 5

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financial frictions, DSGE models, business cycle accounting

Monetary Policy in a Non-Representative Agent Economy: A Survey

National Bank of Poland Working Paper No. 95
Number of pages: 53 Posted: 20 Sep 2011 Last Revised: 08 Jul 2016
National Bank of Poland, National Bank of Poland, National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 100 (273,260)
Citation 1

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heterogeneous agents, monetary policy

Monetary Policy in a Non‐Representative Agent Economy: A Survey

Journal of Economic Surveys, Vol. 27, Issue 4, pp. 641-669, 2013
Number of pages: 29 Posted: 16 Jul 2013
National Bank of Poland, National Bank of Poland, National Bank of Poland, National Bank of Poland and National Bank of Poland
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Heterogeneous agents, Monetary policy

6.

Macroprudential Policy Instruments and Economic Imbalances in the Euro Area

ECB Working Paper No. 1589
Number of pages: 37 Posted: 10 Oct 2013
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 96 (278,877)

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euro-area imbalances, macroprudential policy, DSGE with banking sector

Monetary and Macroprudential Policy with Foreign Currency Loans

ECB Working Paper No. 1783
Number of pages: 35 Posted: 21 Jun 2015
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 71 (338,312)

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DSGE models with banking sector; foreign currency loans; monetary and macroprudential policy

Monetary and Macroprudential Policy with Foreign Currency Loans

Number of pages: 34 Posted: 19 Aug 2015
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 19 (559,370)
Citation 3

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foreign currency loans, monetary and macroprudential policy

8.

Credit Crunch in a Small Open Economy

National Bank of Poland Working Paper No. 75
Number of pages: 52 Posted: 23 Jan 2011 Last Revised: 30 Jan 2011
Michal Brzoza-Brzezina and Krzysztof Makarski
National Bank of Poland and National Bank of Poland
Downloads 75 (324,437)
Citation 2

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credit crunch, monetary policy, DSGE with banking sector

9.

Bayesian Evaluation of DSGE Models with Financial Frictions

National Bank of Poland Working Paper No. 109
Number of pages: 43 Posted: 24 Mar 2012
Michal Brzoza-Brzezina and Marcin Kolasa
National Bank of Poland and National Bank of Poland
Downloads 61 (362,336)

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financial frictions, DSGE models, DSGE-VAR, Bayesian analysis

Can We Prevent Boom-Bust Cycles During Euro Area Accession?

ECB Working Paper No. 1280
Number of pages: 47 Posted: 22 Dec 2010
Michal Brzoza-Brzezina, Pascal Jacquinot and Marcin Kolasa
National Bank of Poland, European Central Bank (ECB) and National Bank of Poland
Downloads 33 (475,788)

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boom-bust cycles, euro area accession, dynamic general equilibrium models

Can We Prevent Boom-Bust Cycles During Euro Area Accession?

National Bank of Poland Working Paper No. 79
Number of pages: 48 Posted: 30 Jan 2011
Michal Brzoza-Brzezina, Pascal Jacquinot and Marcin Kolasa
National Bank of Poland, European Central Bank (ECB) and National Bank of Poland
Downloads 25 (520,475)
Citation 4

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boom-bust cycles, euro area accession, dynamic general equilibrium models

11.

Macroprudential Policy and Imbalances in the Euro Area

National Bank of Poland Working Paper No. 138
Number of pages: 38 Posted: 09 Feb 2013
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 51 (394,142)
Citation 5

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Euro-area imbalances, macroprudential policy, DSGE with banking sector

12.

Measuring the Natural Yield Curve

National Bank of Poland Working Paper No. 108
Number of pages: 32 Posted: 24 Mar 2012
Michal Brzoza-Brzezina and Jacek Kotlowski
National Bank of Poland and Warsaw School of Economics, Institute of Econometrics
Downloads 50 (397,551)
Citation 1

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Natural rate of interest, natural yield curve, unconventional monetary policy, Kalman filter

13.

Downward Nominal Wage Rigidity in Poland

National Bank of Poland Working Paper No. 41
Number of pages: 23 Posted: 14 Apr 2008
Michal Brzoza-Brzezina and Jacek Socha
National Bank of Poland and National Bank of Poland
Downloads 50 (397,551)
Citation 1

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downward nominal wage rigidity, Poland, inflation

14.

Monetary and Macroprudential Policy with Multiperiod Loans

Number of pages: 34 Posted: 19 Aug 2015
Michal Brzoza-Brzezina, Paolo Gelain and Marcin Kolasa
National Bank of Poland, Norges Bank and National Bank of Poland
Downloads 40 (434,529)
Citation 3

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multi-period contracts, general equilibrium models, monetary

15.

Would it Have Paid to Be in the Eurozone?

National Bank of Poland Working Paper No. 128
Number of pages: 34 Posted: 22 Dec 2012
Michal Brzoza-Brzezina, Krzysztof Makarski and Grzegorz Wesolowski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 40 (434,529)
Citation 1

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optimum currency area, euro-area accession, emerging market

16.

A Penalty Function Approach to Occasionally Binding Credit Constraints

NBP Working Paper No. 159
Number of pages: 48 Posted: 09 Nov 2013
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 31 (473,645)

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financial frictions, DSGE models, occasionally binding constraints, penalty function

17.

Monetary and Macroprudential Policy with Multi-Period Loans

Norges Bank Working Paper 16 | 2014
Number of pages: 32 Posted: 04 May 2015
Michal Brzoza-Brzezina, Paolo Gelain and Marcin Kolasa
National Bank of Poland, Norges Bank and National Bank of Poland
Downloads 29 (483,556)
Citation 6

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multi-period contracts, monetary policy, macroprudential policy

18.

Crisis, Contagion and International Policy Spillovers Under Foreign Ownership of Banks

National Bank of Poland Working Paper No. 231
Number of pages: 36 Posted: 07 Jul 2016
Michal Brzoza-Brzezina, Marcin Kolasa and Krzysztof Makarski
National Bank of Poland, National Bank of Poland and National Bank of Poland
Downloads 28 (488,829)

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foreign-owned banks, monetary and macroprudential policy, international spillovers, DSGE models with banking

19.

The Information Content of the Neutral Rate of Interest: The Case of Poland

Economics of Transition, Vol. 14, No. 2, pp. 391-412, April 2006
Number of pages: 22 Posted: 25 May 2006
Michal Brzoza-Brzezina
National Bank of Poland
Downloads 28 (488,829)
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20.

How Forward Looking are Central Banks? Some Evidence from Their Forecasts

National Bank of Poland Working Paper No. 112
Number of pages: 30 Posted: 26 Apr 2012
Michal Brzoza-Brzezina, Jacek Kotlowski and Agata Miskowiec
National Bank of Poland, Warsaw School of Economics, Institute of Econometrics and affiliation not provided to SSRN
Downloads 24 (510,759)
Citation 1

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Taylor rule, forward-looking monetary policy, feedback horizon

21.

The Relativity Theory Revisited: Is Publishing Interest Rate Forecasts Really so Valuable?

National Bank of Poland Working Paper No. 52
Number of pages: 24 Posted: 03 Feb 2011
Michal Brzoza-Brzezina and Adam Kot
National Bank of Poland and National Bank of Poland
Downloads 22 (522,461)
Citation 3

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interest rate path, monetary policy, adaptive learning

22.

Can Interest Rate Spreads Stabilize the Euro Area?

Number of pages: 34 Posted: 19 Aug 2015
Michal Brzoza-Brzezina, Jacek Kotlowski and Kamil Wierus
National Bank of Poland, Warsaw School of Economics, Institute of Econometrics and NBP
Downloads 13 (576,986)

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Euro area, imbalances, current account, panel estimation

23.

Multi-Period Loans, Occasionally Binding Constraints and Monetary Policy: A Quantitative Evaluation

Bank of England Working Paper No. 749
Number of pages: 44 Posted: 14 Aug 2018
Kristina Bluwstein, Michal Brzoza-Brzezina, Paolo Gelain and Marcin Kolasa
Bank of England, National Bank of Poland, Federal Reserve Banks - Federal Reserve Bank of Cleveland and National Bank of Poland
Downloads 10 (596,374)
Citation 1

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Mortgages, fixed-rate contracts, monetary policy

24.

Why May Large Economies Suffer More at the Zero Lower Bound?

National Bank of Poland Working Paper No. 230
Number of pages: 23 Posted: 07 Jul 2016
Michal Brzoza-Brzezina
National Bank of Poland
Downloads 7 (616,067)

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zero lower bound, small open economy, amplification of shocks