Changes in Final Demand Components and Their Potential Impact on the Polish Economy: An Analysis Based on the WM-1 Model

The WM-1 model is a unique macromodel that uses monthly data to describe the functioning of the Polish economy. This article presents the results of a stochastic simulation obtained with the model that demonstrates the potential impacts on the Polish economy of: (1) increasing/decreasing exports, (2) increasing/decreasing investment outlays, and (3) increasing household incomes. The simulation shows that various sources of shocks induce different responses from the economy, both in terms of their strength and the speed of adjustment. There are also distinct asymmetry effects in the reactions of economic entities. The Polish economy has been shown to be more vulnerable to negative shocks decelerating economic activity than to shocks stimulating economic growth.

Submit your paper

For authors

Past issues

Send by email

Macroeconomic Credit Risk Factors in Poland’s Banking Sector

The WM-1 Monthly Macroeconometric Model of the Polish Economy

Indexes

Keywords index

JEL Classification Codes index

Authors index

We process personal data collected when visiting the website. The function of obtaining information about users and their behavior is carried out by voluntarily entered information in forms and saving cookies in end devices. Data, including cookies, are used to provide services, improve the user experience and to analyze the traffic in accordance with the Privacy policy. Data are also collected and processed by Google Analytics tool (more).

You can change cookies settings in your browser. Restricted use of cookies in the browser configuration may affect some functionalities of the website.

I agree I do not agree

eISSN:	2300-5238
ISSN:	0867-0005