IDEAS home Printed from https://ideas.repec.org/p/wse/wpaper/55.html
   My bibliography  Save this paper

Balance sheet effect in the Polish economy

Author

Listed:
  • Szymon Grabowski

    (Warsaw School of Economics)

Abstract

Paper refers to the relations between real economic activity and the state of nancial sys- tem. It presents how the balance sheet e ect works and how it in uences the real economic activity and the e ectiveness 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 e ect in the Polish economy is verifed. The verifcation process is conducted on the basis of individual fnancial statements of 27 730 Polish companies encompassing period between 2002-2007.

Suggested Citation

  • Szymon Grabowski, 2011. "Balance sheet effect in the Polish economy," Working Papers 55, Department of Applied Econometrics, Warsaw School of Economics.
  • Handle: RePEc:wse:wpaper:55
    as

    Download full text from publisher

    File URL: http://kolegia.sgh.waw.pl/pl/KAE/struktura/IE/struktura/ZES/Documents/Working_Papers/aewp06-11.pdf
    Download Restriction: no

    More about this item

    Keywords

    CCAPM; economic growth; nancial markets; term spreads; expectations;

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wse:wpaper:55. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Marcin Owczarczuk) or (The York Management School). General contact details of provider: http://edirc.repec.org/data/dxwawpl.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.