The main empirical result obtained so far is that the financial cycle has a much longer period than the business cycle and can be measured in decades in developed economies. Additionally, the amplitude of this cycle, measured by the percentage deviation from the long-term trend, may be even two or three times greater than the amplitude of the real economy activity cycle. It is therefore necessary to develop methods for assessing the effectiveness of the macroprudential policy and the nature of its interaction with other types of economic policy, primarily monetary policy. This issue, quite new in the field of empirical economics, will be the subject of analysis in the project. Since the main goal of monetary policy is to influence the business cycle and of macroprudential policy to influence the business cycle, it is important to examine the interactions between the cycles. The proposed project will also be devoted to this issue.<\/p>\n
The research will also cover the relationships between the real sector and the financial system, as well as the cycles observed in the currency market.<\/p>\n
\u00a0<\/p>\n
Team members:<\/strong> dr Jakub G\u0142owacki (Assistant Professor), dr B\u0142a\u017cej Mazur (Assistant Professor), mgr Anna Gomola (from 2022), mgr Piotr Adamczyk \u2013 PhD student (from 2022)<\/p>\n Project director: The main empirical result obtained so far is that the financial cycle has a much longer period than the business cycle and can be measured in decades in developed economies. Additionally, the amplitude of this cycle, measured by the percentage deviation from the long-term trend, may be even two or three times greater than the […]<\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38],"tags":[],"class_list":["post-9289","post","type-post","status-publish","format-standard","hentry","category-bez-kategorii-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/posts\/9289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/comments?post=9289"}],"version-history":[{"count":1,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/posts\/9289\/revisions"}],"predecessor-version":[{"id":10971,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/posts\/9289\/revisions\/10971"}],"wp:attachment":[{"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/media?parent=9289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/categories?post=9289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/institutes.uek.krakow.pl\/gap\/wp-json\/wp\/v2\/tags?post=9289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/strong>dr hab. Mateusz Pipie\u0144, prof. UEK (Associate Professor)<\/p>\n
Project budget:
<\/strong>48 800,00 z\u0142<\/p>\n
<\/strong>Financing institution:
<\/strong>Internal program KUE – Potencja\u0142<\/p>\n
Project duration:
<\/strong>09.04.2020 – 31.10.2022<\/p>\n","protected":false},"excerpt":{"rendered":"