Macroeconomic Effects of Fiscal Expansions (No. 2022/47/B/HS4/02157)
Role: Principal investigator
Co-investigators: Karol Szafranek, Andrzej Torój, Rafal Chmura, Alfred Haug
2017-2021 National Center of Science, SONATA
The Role of Chinese Economy in the World Economy and its Implications for Emerging Markets: Evidence from Global VAR Model (No. 2016/21/D/HS4/02798)
Role: Principal investigator
Co-investigator: Mariusz Kapuściński
Work in progress
1. Business Cycles and Fiscal Policy in the US – under review
Co-authors: Lukas Berend
2. Energy and Commodity Price Forecasting: A Machine Learning Evaluation – under review
Co-authors: Adam Chudziak, Dorota Juszczak, Marek Kwas, Małgorzata Wrzosek
3. Data leakage in time‐series forecasting: Lessons from exchange rate prediction – under review
Co-authors: Michał Rubaszek SEMINAR
Recent articles
Sznajderska A., Torój A., Chmura R. (2026), Fiscal Multipliers in a Panel of EU Countries,
International Tax and Public Finance.
Sznajderska A., Szafranek K., Haug A.A. (2026), The Effects of Fiscal Policy Shocks: Evidence from a Bayesian SVAR Model With Uncertain Identifying Assumptions,
Macroeconomic Dynamics, 30. DOI:
10.1017/S1365100525100771 READ THIS ARTICLE HERE
Sznajderska A. (2025), On Modelling the Effects of Fiscal Policy Shocks in Poland, Eastern European Economics, 1-21. DOI:
10.1080/00128775.2025.2597427 READ THIS ARTICLE HERE
Haug A.A., Łyziak T., Sznajderska A. (2025), The Government Spending Multiplier and Monetary Policy in Poland, Applied Economics, 1-15. DOI:
10.1080/00036846.2025.2609836 READ THIS ARTICLE HERE
Sznajderska A. (2025), Fiscal Multipliers for the United States, Przeglad Statystyczny. Statistical Review 72, 18-31.
READ THIS ARTICLE HERE
Haug A.A., Sznajderska A. (2024), Government Spending Multipliers: Is there a Difference Between Government Consumption and Investment Purchases?,
Journal of Macroeconomics, 79, 103584. DOI:
READ THIS ARTICLE HERE
Sznajderska A., Haug A.A. (2023), Bayesian VARs of the U.S. Economy Before and During the Pandemic, Eurasian Economic Review, 13, 211-236.
Sznajderska A. (2021), Should We Recalculate the Level of Spillover Effects if the Alternative GDP Measures for China are Correct?, Bank i Kredyt, 52(5), 437-456.
Sznajderska A. (2021), The Impact of Foreign Shocks on the Polish Economy, Gospodarka Narodowa. The Polish Journal of Economics, 305(1), 33-52.
Sznajderska A., Kapuściński M. (2020), Macroeconomic Spillover Effects of the Chinese Economy, Review of International Economics, 28(4), 992-1019.
Haug A.A., Jędrzejowicz T., Sznajderska A. (2019), Monetary and Fiscal Policy Transmission in Poland, Economic Modelling, 79, 15-27.
Sznajderska A. (2019), The Role of China in the World Economy: Evidence from a Global VAR Model, Applied Economics, 51(15), 1574-1587.
Sznajderska A. (2018), Brexit and Sterling Depreciation: Impact on Selected Economies in Brexit and the Consequences for International Competitiveness, pp. 291-305, Palgrave Macmillan.
Sznajderska A. (2016), Wpływ sposobu zarządzania płynnością, premii za ryzyko i oczekiwań na stopy rynku międzybankowego w Polsce, Bank i Kredyt, 47(1), 61-90.
Sznajderska A. (2014), Asymmetric Effects in the Polish Monetary Policy Rule, Economic Modelling, 36, 547-556.
Sznajderska A. (2013), Foreign Exchange Rates in Central European Economies: Nonlinearities in Adjustment to Interest Rate Differentials, Metody ilościowe w badaniach ekonomicznych, 14(2), 229-239.
Romaniuk J., Sznajderska A. (2013), Institutional Changes in Financial Systems of Poland and the Czech Republic, Comparative Economic Research. Central and Eastern Europe, 16(1).
Sznajderska A. (2013), On the Empirical Evidence of Asymmetry Effects in the Polish Interest Rate Pass-through, The Journal of Economic Asymmetries, 10(2), 78-93.
Working Papers
Kapuściński M., Kowalczyk H., Kocięcki A., Łyziak T., Przystupa J.,
Stanislawska E., Sznajderska A., Wróbel E. (2016),
Monetary Policy Transmission Mechanism in Poland. What do We Know in 2015?,
NBP Working Papers 249.
Kapuściński M., Łyziak T., Przystupa J., Stanislawska E.,
Sznajderska A., Wróbel E. (2014),
Monetary Policy Transmission Mechanism in Poland. What do We Know in 2013?,
NBP Working Papers 180.
Łyziak T., Przystupa J., Sznajderska A., Wróbel E. (2012),
Money in Monetary Policy. Information Variable? Channel of Monetary Transmission?
What is its Role in Poland?,
NBP Working Paper 135.
Demchuk O., Łyziak T., Przystupa J., Sznajderska A., Wróbel E. (2012),
Monetary Policy Transmission Mechanism in Poland. What do We Know in 2011?,
NBP Working Paper 116.