FREE Policy Brief

Socio-Economic Policy in Poland: A Year of Major Changes in Benefits, Taxes, and Pensions

Mateusz Najsztub, CenEA
Michał Myck, CenEA

FREE Policy Brief

Operating and Financial Hedging: Evidence from Trade

Olga Kuzmina, New Economic School

FREE Policy Brief

Intimate Partner Violence, Norms and Policies

Maria Perrotta Berlin, SITE

FREE Policy Brief

Higher Competition in the Domestic Market – A Way to Boost Aggregate Productivity

Konstantins Benkovskis, SSE Riga

FREE Policy Brief 

Gaming the System: Side Effects of Earnings-Dependent Benefits

Anna Zasova, BICEPS
Vitalijs Jascisens, SITE

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Time to Worry about Illiquidity

At a time when central banks have injected unprecedented amounts of money, worrying about illiquidity may appear odd. However, if poorly understood and unaddressed, illiquidity could be the foundation of the next financial crisis. Market liquidity is defined as the ease of trading a financial...
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Is Local Monetary Policy Less Effective When Firms Have Access to Foreign Capital?

Central banks affect growth in part by raising or lowering the cost of investment through their influence over local interest rates. We examine whether the ability of local firms to raise money abroad reduces the influence of local monetary policy authorities. Surprisingly, it does not....
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