Research

Primary research interests: Macroeconomics, Monetary Economics, Financial Intermediation

Secondary research interests: Economic History, Finance and Banking, Environmental Economics

Publications in refereed journals:

1. Andersen, T.M., Bhattacharya, J., Grodecka-Messi, A. and Mann, K. (forthcoming), "Pension reform and wealth inequality: theory and evidence", European Economic Review.

2. Grodecka-Messi, A., Zhang, X. (2023), "Private bank money vs central bank money: A historical lesson for CBDC introduction", Journal of Economic Dynamics and Control, Volume 154, September 2023, 104707. 

3. Grodecka-Messi, A., Kenny, S., Ögren, A. (2021), "Predictors of Bank Distress: The 1907 Crisis in Sweden," Explorations in Economic History, vol 50, article no.101380.

4.  Cao, J., Dinger, V., Grodecka-Messi, A., Juelsrud, R., Zhang X., (2021),  "The interaction between macroprudential and monetary policies: The cases of Norway and Sweden", Review of International Economics, 29: 87– 116.     

5.   Grodecka, A. (2020), "On the Effectiveness of Loan to-Value Regulation in a Multiconstraint Framework", Journal of Money, Credit and Banking, 52: 1231-1270.   

6. Grodecka-Messi, A. (2019), "Subprime Borrowers, Securitization and the Transmission of Business Cycles", Canadian Journal of Economics, Volume 52, No. 4, November. 

7. Grodecka, A., Markowski, M. (2017), "Banknotes as a Symbol of Economic and National Power. A Case Study of German, French and Italian Banknotes in the 19th and First Half of the 20th Century.", Bankhistorisches Archiv. Banking and Finance in Historical Perspective, Jahrgang 41, 2015, Heft 1-2.

Other publications:

• • "Röstar svenskarna med fötterna?" (with I.Hull), Ekonomisk Debatt, 2020:2, p. 6-13.

  • "Financial frictions, financial regulation and their impact on the macroeconomy" (with D. Finocchiaro), Sveriges Riksbank Economic Review, 2018:1, p. 48-69.

  • "Appendix B - The Impact of Higher Capital Requirements on GDP" in: "Appropriate capital ratios in major Swedish banks – new perspectives", Staff Memo, May 2017, Sveriges Riksbank.

  • "Asset valuations and financial stability" (with Giordani, P., Kwan, S. Morales, P., Ölcer, D. and Spector, E.), Economic Commentaries, No. 15. 2015, Sveriges Riksbank, Sweden.

Phd Thesis:

• • "Essays on Business Cycles", University of Bonn, 2015.

Research papers 

• Mortgage Shortfall and Financial Constraints: Borrowers' Response under Full Recourse", work in progress

• The Impact of Local Taxes and Public Services on Property Values (with I. Hull, under revision)

• The Price vs Quantity debate: Climate Policy and the Role of Business Cycles (with K. Kuralbayeva, dormant)