Pawel Zabczyk

International Monetary Fund MCMMP

Senior Financial Sector Expert

International Monetary Fund

700 19th Street, N.W.

Washington, DC 20431

United States

http://pawel.zabczyk.com

SCHOLARLY PAPERS

21

DOWNLOADS
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SSRN RANKINGS

Top 49,251

in Total Papers Downloads

1,835

SSRN CITATIONS
Rank 15,313

SSRN RANKINGS

Top 15,313

in Total Papers Citations

48

CROSSREF CITATIONS

46

Scholarly Papers (21)

1.

What Lies Beneath? A Time-Varying FAVAR Model for the UK Transmission Mechanism

ECB Working Paper No. 1320
Number of pages: 50 Posted: 11 Apr 2011
Bank of EnglandUniversity of London - School of Sciences, International Monetary Fund MCMMP and Hult International Business School (London)
Downloads 281 (199,969)
Citation 5

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Transmission mechanism, monetary policy, Factor Augmented VAR, timevarying coefficients, sign restrictions

The Business Cycle Implications of Banks' Maturity Transformation

Number of pages: 35 Posted: 16 Mar 2010 Last Revised: 21 Mar 2011
Martin M. Andreasen, Marcelo Ferman and Pawel Zabczyk
CREATES, Aarhus UniversityAarhus University, London School of Economics & Political Science (LSE) - Department of Economics and International Monetary Fund MCMMP
Downloads 199 (278,136)

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Banks, DSGE model, Financial frictions, Firm heterogeneity, Maturity transformation

The Business Cycle Implications of Banks' Maturity Transformation

ECB Working Paper No. 1489
Number of pages: 44 Posted: 21 Nov 2012
Martin M. Andreasen, Marcelo Ferman and Pawel Zabczyk
CREATES, Aarhus UniversityAarhus University, London School of Economics & Political Science (LSE) - Department of Economics and International Monetary Fund MCMMP
Downloads 54 (696,816)

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banks, DSGE model, financial frictions, long-term credit, maturity transformation

3.

What Lies Beneath: What Can Disaggregated Data Tell Us about the Behaviour of Prices?

Bank of England Working Paper No. 364
Number of pages: 32 Posted: 21 Mar 2009 Last Revised: 24 Dec 2009
Bank of EnglandUniversity of London - School of Sciences, International Monetary Fund MCMMP and Hult International Business School (London)
Downloads 227 (246,828)
Citation 9

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Inflation persistence, disaggregation, principal components

Monetary and Macroprudential Policy with Endogenous Risk

IMF Working Paper No. 20/236
Number of pages: 56 Posted: 05 Jan 2021
International Monetary Fund, Brown University, Brookings Institution and International Monetary Fund MCMMP
Downloads 148 (360,721)
Citation 3

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Monetary and Macroprudential Policy with Endogenous Risk

CEPR Discussion Paper No. DP14435
Number of pages: 36 Posted: 03 Mar 2020
International Monetary Fund, Brown University, Brookings Institution and International Monetary Fund MCMMP
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Macro-Finance, macroprudential policy, monetary policy

An Efficient Method of Computing Higher Order Bond Price Perturbation Approximations

Number of pages: 38 Posted: 04 May 2010 Last Revised: 11 May 2010
Martin M. Andreasen and Pawel Zabczyk
CREATES, Aarhus UniversityAarhus University and International Monetary Fund MCMMP
Downloads 86 (538,353)
Citation 7

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Perturbation method, DSGE models, Habit model, Higher order approximation

An Efficient Method of Computing Higher-Order Bond Price Perturbation Approximations

Bank of England Working Paper No. 416
Number of pages: 38 Posted: 18 Mar 2011
Martin M. Andreasen and Pawel Zabczyk
CREATES, Aarhus UniversityAarhus University and International Monetary Fund MCMMP
Downloads 58 (672,817)
Citation 1

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Perturbation method, DSGE models, habit model, higher-order approximation

6.

Why do Risk Premia Vary over Time? A Theoretical Investigation under Habit Formation

Bank of England Working Paper No. 361
Number of pages: 21 Posted: 16 Feb 2009
Bianca De Paoli and Pawel Zabczyk
London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) and International Monetary Fund MCMMP
Downloads 119 (426,574)
Citation 1

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7.
Downloads 32 (497,186)
Citation 2

The Theory of Unconventional Monetary Policy

NBER Working Paper No. w22135
Number of pages: 34 Posted: 04 Apr 2016 Last Revised: 26 Jun 2022
Roger E. A. Farmer and Pawel Zabczyk
University of Warwick and International Monetary Fund MCMMP
Downloads 32 (858,687)

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The Theory of Unconventional Monetary Policy

CEPR Discussion Paper No. DP11196
Number of pages: 31 Posted: 18 Apr 2016
Roger E. A. Farmer and Pawel Zabczyk
University of Warwick and International Monetary Fund MCMMP
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Qualitative Easing, Sunspots, Unconventional Monetary Policy

8.

The Business Cycle Implications of Banks’ Maturity Transformation

Bank of England Working Paper No. 446
Number of pages: 43 Posted: 23 Mar 2012
Martin M. Andreasen, Marcelo Ferman and Pawel Zabczyk
CREATES, Aarhus UniversityAarhus University, London School of Economics & Political Science (LSE) - Department of Economics and International Monetary Fund MCMMP
Downloads 92 (510,977)
Citation 5

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Banks, DSGE model, financial frictions, firm heterogeneity, maturity transformation

A Quantitative Model for the Integrated Policy Framework

IMF Working Paper No. 20/122
Number of pages: 57 Posted: 12 Aug 2020
International Monetary Fund, International Monetary Fund (IMF), Sveriges Riksbank, International Monetary Fund MCMMP and International Monetary Fund (IMF)
Downloads 81 (558,809)
Citation 5

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Purchasing power, Supply and demand, Exchange rate policy, Exchange premiums, Exchange markets, Monetary Policy, FX Intervention, Emerging Economies, DSGE Model., WP, UIP, EME, inflation expectation, real exchange rate, emerge market economy

A Quantitative Model for the Integrated Policy Framework

CEPR Discussion Paper No. DP15065
Number of pages: 58 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
International Monetary Fund, International Monetary Fund (IMF), Sveriges Riksbank, International Monetary Fund MCMMP and International Monetary Fund (IMF)
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Capital Flow Measures, DSGE model, emerging economies, FX intervention, monetary policy

10.

An Estimated DSGE Model for Integrated Policy Analysis

IMF Working Paper No. 2023/135
Number of pages: 65 Posted: 07 Jul 2023
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund MCMMP and International Monetary Fund (IMF)
Downloads 76 (573,271)

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Integrated Policy Framework, Emerging Markets, Monetary Policy, Foreign Exchange Intervention, Endogenous Risks, Incomplete Financial Markets, Bayesian Estimation

11.

Cyclical Risk Aversion, Precautionary Saving and Monetary Policy

Bank of England Working Paper No. 418
Number of pages: 32 Posted: 14 Apr 2011
Bianca De Paoli and Pawel Zabczyk
London School of Economics & Political Science (LSE) - Centre for Economic Performance (CEP) and International Monetary Fund MCMMP
Downloads 72 (590,811)
Citation 2

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Precautionary saving, monetary policy, cyclical risk aversion, macro-finance, DSGE models

12.

Sterling Implications of a Us Current Account Reversal

Bank of England Working Paper No. 296
Number of pages: 35 Posted: 26 Sep 2006
Morten Spange and Pawel Zabczyk
Bank of England - Monetary Analysis and International Monetary Fund MCMMP
Downloads 67 (613,936)
Citation 3

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13.

Global Rebalancing: The Macroeconomic Impact on the United Kingdom

Bank of England Working Paper No. 421
Number of pages: 26 Posted: 22 Apr 2011
Bank of England, EBRD - Economics, Policy and Governance, Bank of England - Monetary Analysis and International Monetary Fund MCMMP
Downloads 59 (654,724)
Citation 1

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Global Imbalances, Current account, DSGE models

14.

A Quantitative Microfounded Model for the Integrated Policy Framework

IMF Working Paper No. 2021/292
Number of pages: 61 Posted: 04 Feb 2022 Last Revised: 01 Mar 2022
International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF) and International Monetary Fund MCMMP
Downloads 58 (660,138)

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Monetary Policy, FX Intervention, Capital Controls, Sudden Stops, DSGE Model

15.

A Requiem for the Fiscal Theory of the Price Level

IMF Working Paper No. 19/219
Number of pages: 35 Posted: 08 Nov 2019
Roger Farmer and Pawel Zabczyk
University of California, Los Angeles (UCLA) and International Monetary Fund MCMMP
Downloads 44 (745,178)
Citation 1

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Real interest rates, Negative interest rates, Economic theory, Interest rate policy, Interest rate modelling, fiscal policy, monetary policy, fiscal theory of the price level, price level determination, overlapping generations model, dynamic efficiency, WP, real interest rate, non-generic, indeterminacy, generation model, price level

16.

Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model

IMF Working Paper No. 2022/112
Number of pages: 44 Posted: 15 Jun 2022
Marcin Kolasa, Sahil Ravgotra and Pawel Zabczyk
International Monetary Fund (IMF), University of Surrey - School of Economics and International Monetary Fund MCMMP
Downloads 42 (766,046)

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Monetary Policy, Exchange Rates, Bounded Rationality

17.
Downloads 0 (802,895)
Citation 2

The Household Fallacy

CEPR Discussion Paper No. DP12770
Number of pages: 20 Posted: 06 Mar 2018
Roger E. A. Farmer and Pawel Zabczyk
University of Warwick and International Monetary Fund MCMMP
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Citation 1
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Monetary and Fiscal Policy When People Have Finite Lives

NBER Working Paper No. w25445
Number of pages: 35 Posted: 15 Jan 2019 Last Revised: 12 Jul 2023
Roger E. A. Farmer and Pawel Zabczyk
University of Warwick and International Monetary Fund MCMMP
Downloads 17 (1,005,905)
Citation 2

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Monetary and Fiscal Policy When People Have Finite Lives

CEPR Discussion Paper No. DP13432
Number of pages: 45 Posted: 11 Jan 2019 Last Revised: 04 Feb 2022
Roger E. A. Farmer and Pawel Zabczyk
University of Warwick and International Monetary Fund MCMMP
Downloads 1 (1,161,659)
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FTPL, Indeterminacy, Monetary and Fiscal Policy, monetary policy, OLG model

19.

Central Bank Exit Strategies Domestic Transmission and International Spillovers

IMF Working Paper No. 2024/073
Number of pages: 57 Posted: 04 Apr 2024
International Monetary Fund (IMF), International Monetary Fund (IMF), International Monetary Fund (IMF), Queen Mary University of London and International Monetary Fund MCMMP
Downloads 14 (1,003,374)

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Monetary Policy, Quantitative Easing, International Spillovers

20.

Monetary Policy and Exchange Rate Dynamics in a Behavioral Open Economy Model

Number of pages: 54 Posted: 13 Dec 2023
Marcin Kolasa, SAHIL RAVGOTRA and Pawel Zabczyk
Warsaw School of Economics (SGH), University of Texas at Austin and International Monetary Fund MCMMP
Downloads 8 (1,060,121)

Abstract:

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Monetary policy, Exchange rates, Bounded Rationality

21.

Managing Monetary Tradeoffs in Vulnerable Open Economies

CEPR Discussion Paper No. DP16972
Number of pages: 54 Posted: 04 Feb 2022
International Monetary Fund, International Monetary Fund (IMF), International Monetary Fund (IMF), Sveriges Riksbank and International Monetary Fund MCMMP
Downloads 0 (1,123,544)
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capital controls, DSGE model, FX intervention, monetary policy, Sudden stops