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Patryk Kołbyko

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Review Open access Oct 2026

From r* to monetary policy stance: Evidence from Poland

This paper estimates Poland’s time-varying natural real interest rate and natural-rate gap over 2010Q1–2025Q1 and examines how a natural-rate-gap innovation propagates in a Structural Vector Error Correction (SVEC) framework. The measurement stage uses a Laubach-Williams-type state-space model disciplined by an ex ante...

Patryk Kołbyko · 0 citations

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