MACROMODELS 2018 conference programme

Monday, November 12, 2018


from 15:00     Hotel registration

19:30 – 22:00 Dinner and Get Together Party


Tuesday, November 13, 2018

7:45 – 9:00    Breakfast


9:15 – 9:45    Conference registration


9:45 – 10:00  Opening of the conference – Aleksander WELFE


10:00 – 11:00 Invited Session I

Chair: Aleksander WELFE

Karim ABADIR, Gabriel TALMAIN, Solving the "forward-premium puzzle" of finance


11:00 – 12:30 Session 1A: Regional Economic Modelling

Chair: Valery CHARNAVOKI

Angeliki ANAGNOSTOU, Paweł GAJEWSKI, Eric T. NJOYA, A CGE analysis of policy effects on the regions of the Polish Economy

Tomáš MIKLOŠOVIČ, Ivan LICHNER, Marek RADVANSKÝ, Ex-ante modeling of alternative regional cohesion policy and its effect on Slovakia

Sylwia ROSZKOWSKA, Estimating regional quarterly GDP using additional set of variables

11:00 – 12:30 Session 1B: Macroeconomic I-O Modelling


Henryk GURGUL, Łukasz LACH, On measuring eco-efficiency in extended IO models: The case of intersectoral linkages in Polish economy in transition

Ivan LICHNER, Marek RADVANSKÝ, Integrated econometric input-output model of Czech economy

Jakub BORATYŃSKI, Emilia FRASZKA-SOBCZYK, Michał PRZYBYLIŃSKI, Iwona ŚWIECZEWSKA, Joanna TRĘBSKA, Inforum model based on WIOD for Poland


12:30 – 13:00 Break


13:00 – 14:00 Session 2A: Macromodelling I

Chair: Aleksandra MAJCHROWSKA

Jan ACEDAŃSKI, Consumption habits and the distribution of wealth in an OLG model

Paulina BRONIATOWSKA, Does demographics affect monetary policy? A panel data approach

13:00 – 14:00 Session 2B: Financial Econometrics I


Jakub JANUS, Unconventional monetary policy of the European Central Bank and volatility spillovers to Poland

Olga KUTERA, Multivariate GARCH models in the analysis of volatility on the fine wine market


14:00 – 15:00 Lunch


15:00 – 16:00 Invited Session II

Chair: Peter WINKER

Wojciech CHAREMZA, Christian FRANCQ, Svetlana MAKAROVA, Jean-Michel ZAKOÏAN, Testing for policy affected uncertainty in ARMA-GARCH model


16:00 – 17:30 Session 3A: Labour Market

Chair: Marek A. DĄBROWSKI

Aleksandra MAJCHROWSKA, Paweł STRAWIŃSKI, Regional effects of minimum wage policy in Poland

Marcin KOLASA, Michał RUBASZEK, Małgorzata SKIBIŃSKA, Are flexible working hours really helpful in stabilizing unemployment?

Maciej NASIŃSKI, Paweł STRAWIŃSKI, Does machine learning can improve over economic theory in estimation of wage equation

16:00 – 17:30 Session 3B: Macromodelling II

Chair: Angeliki ANAGNOSTOU

Michał ANTOSZEWSKI, Macroeconomic, sectoral and fiscal implications of decreasing energy intensity of the Polish economy

Karolina KONOPCZAK, Can inaction account for the incomplete exchange rate pass-through? Evidence from Polish industry

Sławomir ŚMIECH, Monika PAPIEŻ, Marek A. DĄBROWSKI, How important are different aspects of uncertainty in driving the industrial production in CEE countries?


17:30 – 18:00 Break


18:00 – 19:00 Session 4: Enterprise Behaviour Modelling


Dorota BOCHNACKA, Darya FILATOVA, How to select the optimal cooperation strategy for the vertically integrated enterprises?

Bartłomiej SZYMCZYK, Darya FILATOVA, On the effectiveness of financing mechanisms for the corporate structure implementing innovations under market uncertainty


19:30 Ceremonial Dinner


Wednesday, November 14, 2018

7:45 – 8:45     Breakfast


9:00 – 13:00   Sightseeing tour (Zakopane)


14:00 – 15:00 Lunch


15:00 – 16:00 Invited Session III

Chair: Wojciech CHAREMZA

Valery CHARNAVOKI, Monetary and exchange rate policy in emerging market economies: Evidence from Mexico

16:00 – 17:00 Invited Session IV

Chair: Karim ABADIR

Jacek OSIEWALSKI, Anna PAJOR, A hybrid MSV-MGARCH generalisation of the t-MGARCH model

17:00 – 17:30 Break


17:30 – 19:00 Session 5: Financial Econometrics II


Janusz BRZESZCZYŃSKI, Jerzy GAJDKA, Tomasz SCHABEK, Ali M. KUTAN, Ultra short-term responses of EUR/PLN exchange rate to the National Bank of Poland (NBP) monetary policy announcements

Michał ŁUKOWSKI, Behavioral portfolio theory

Justyna MOKRZYCKA, Bayesian comparison of the dynamic tCopula-GARCH and MGARCH models for returns of stock market indices


19:30 Dinner


Thursday, November 15, 2018

7:45 – 9:00 Breakfast


9:30 – 10:30 Invited Session V


Peter WINKER, David LENZ, Economic modeling using novel text mining methods

10:30 – 11:00 Break


11:00 – 12:30 Session 6: Macromodelling III

Chair: Wojciech GRABOWSKI

Jakub BORATYŃSKI, Jacek OSIEWALSKI, Bayesian estimation of capital stock and depreciation in the production function framework

Marek A. DĄBROWSKI, A quantitative assessment of actively managed component of foreign exchange reserves in emerging market economies

Justyna WRÓBLEWSKA, Bayesian analysis of seasonal cointegration


13:00 – 14:00 Lunch


12:00 Check out