Agnieszka Markiewicz

Top Incomes, Rising Inequality and Welfare

In a study first published as a CESifo Working Paper (3984), Agnieszka Markiewicz, together with K. L Lansing, developed a general-equilibrium model of skill-biased technological change that approximates the observed shifts in the shares of wage and non-wage income going to the top decile of US households since 1980. Under realistic assumptions, they determined that all agents can benefit from technology change, provided that the observed rise in redistributive transfers over this period is taken into account. The paper has recently been accepted for publication by the Economic Journal.

Ms Markiewicz' research expertise is mainly related to exchange rate economics. More precisely, she works on exchange rate expectations, the exchange rate determination, and the relation between monetary policy and exchange rate dynamics. In a series of papers, she has focused on the time-varying nature of the relationship between fundamentals and exchange rates. The papers on this topic include "Model Uncertainty and Exchange Rate Volatility", which was published in the International Economic Review and, "Model Uncertainty and Exchange Rate Forecasting", which has been recently accepted for publication in the Journal of Financial and Quantitative Analysis.

During her stay at CESifo, Ms Markiewicz will work on the link between micro and macro uncertainty using EBDC Business Expectations Panel.

Agnieszka Markiewicz is assistant professor at Erasmus School of Economics, Erasmus University in Rotterdam. She graduated from University of Leuven and in her PhD thesis she focused on exchange rate economics, and, in particular theoretical and empirical exchange rate modeling.