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PAWEL ZABCZYK www.zabczyk.com
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PUBLICATIONS
- A Sunspot-Based Theory of Unconventional Monetary Policy, with Roger E.A. Farmer, Macroeconomic Dynamics, 2020, forthcoming.
- NKV: A New Keynesian Model with Vulnerability, with Tobias Adrian, Fernando Duarte and Nellie Liang, AEA Papers and Proceedings, 2020, Vol.110, May, pp. 470-476.
- The Household Fallacy, with Roger E.A. Farmer, Economics Letters, 2018, Vol. 169(C), pp. 83-86.
- Efficient Bond Price Approximations in Non-Linear Equilibrium-Based Term Structure Models, with Martin Andreasen, Studies in Nonlinear Dynamics and Econometrics, Vol.19(1), pp. 1-33, 2015.
- What Lies Beneath? A Time-Varying FAVAR Model for the UK Transmission Mechanism, with Colin Ellis and Haroon Mumtaz, The Economic Journal, Vol. 124(576), pp. 668 – 699, 2014.
- The Business Cycle Implications of Banks’ Maturity Transformation, with Martin Andreasen and Marcelo Ferman, Review of Economic Dynamics, Vol.16(4), pp.581-600, 2013.
- Cyclical Risk Aversion, Precautionary Saving and Monetary Policy, with Bianca De Paoli, Journal of Money Credit and Banking, Vol.45(1), pp. 1-36, 2013.
- Policy Design in a Model with Swings in Risk Appetite, with Bianca De Paoli, Oxford Economic Papers, Vol. 65(S1), pp. i146 – i149, 2013.
- Why do Risk Premia Vary Over Time? A Theoretical Investigation Under Habit Formation, with Bianca De Paoli, Macroeconomic Dynamics, Vol. 16(S2), pp. 252-66, 2012.
- Cyclical Precautionary Saving and Monetary Policy, with Bianca De Paoli, European Central Bank Research Bulletin, 2012, No. 16, pp. 7–9.
- A Quantitative Model for the Integrated Policy Framework, with Tobias Adrian, Christopher J. Erceg, Jesper Linde and Jianping Zhou, IMF Working Paper, No. 20/122, July 2020.
- Monetary and Macroprudential Policy with Endogenous Risk, with Tobias Adrian, Fernando Duarte and Nellie Liang, CEPR Discussion Paper, No. 14435, February 2020.
- A Requiem for the Fiscal Theory of the Price Level, with Roger E. A. Farmer, NBER Working Paper, No. 25445, May 2019.
- Why Unconventional Monetary Policy Works in Theory, with Roger E.A. Farmer, Vox, October 2016.
- The Evolving Effectiveness of UK’s Monetary Policy, with Colin Ellis and Haroon Mumtaz, Vox, August 2014.
- Risk Aversion and the Natural Interest Rate, with Bianca De Paoli, Liberty Street Economics, July 2014.
- Global Rebalancing: The Macroeconomic Impact on the United Kingdom, with Alex Haberis, Bojan Markovic and Karen Mayhew, Bank of England Working Paper, No. 421, April 2011.
- Sterling Implications of a US Current Account Reversal, with Morten Spange, Bank of England Working Paper, No. 296, June 2006.
- The Household Fallacy, with Roger E.A. Farmer, NBER Working Paper, No. 24393, March 2018.
- The Theory of Unconventional Monetary Policy, with Roger E.A. Farmer, NBER Working Paper, No. 22135, March 2016.
- The Business Cycle Implications of Banks’ Maturity Transformation, with Martin M Andreasen and Marcelo Ferman, Bank of England Working Paper, No. 446, March 2012.
- Cyclical Risk Aversion, Precautionary Saving and Monetary Policy, with Bianca De Paoli, Bank of England Working Paper, No. 418, April 2011.
- An Efficient Method of Computing Higher-Order Bond Price Perturbation Approximations, with Martin Andreasen, Bank of England Working Paper, No. 416, April 2011.
- What Lies Beneath: What Can Disaggregated Data Tell Us About The Behaviour of Prices, with Haroon Mumtaz and Colin Ellis, Bank of England Working Paper, No. 364, April 2009.
- Why Do Risk Premia Vary Over Time? A Theoretical Investigation Under Habit Formation, with Bianca De Paoli, Bank of England Working Paper, No. 361, February 2009.