Volume 11, No. 4.

Table of contents

1. Impact of a modified HP filter on countercyclical behavior of the Swiss fiscal rule

   Adam Pigoń, Michał Ramsza

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2. Fiscal councils as an element of the concept of fiscal governance in the European Union member states

   Ryta Dziemianowicz, Aneta Kargol-Wasiluk, Renata Budlewska

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3. Allocating tax revenue to sub-central government levels: lessons from Germany and Poland

   Małgorzata Magdalena Hybka

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4. Systems of general grants for local governments in selected EU countries against the background of the general theory of fiscal policy

   Alicja Sekuła, Joanna Śmiechowicz

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1. Dispersion of inflation expectations in the European Union during the global financial crisis

   Jan Acedański, Julia Włodarczyk

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2. Transmission mechanism of the Federal Reserve System?s monetary policy in the conditions of zero bound on nominal interest rates

   Dominika Brózda

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3. Statistical analysis of business cycle fluctuations in Poland before and after the crisis

   Łukasz Lenart, Błażej Mazur, Mateusz Pipień

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4. Business cycle synchronization in European Union: regional perspective

   Krzysztof Beck

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1. Performance of American and Russian joint stock companies on financial market. A microstructure perspective

   Magdalena Osińska, Andrzej Dobrzyński, Yochanan Shachmurove

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2. Determinants of hourly wages inequality in selected European metropolises. The results from the multilevel modelling

   Edyta Łaszkiewicz

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