1984                                Warsaw University

                                        Ph.D.,  Economics,                                    

1976                                Warsaw University

                                        M.A.,  Economics, Special Topics in Econometrics                                           


2010 -2016                     Central Bank of Poland

Member of the Monetary Policy Council

  • Decided on interest rates and general rules of exchange rate policy
  • Approved the annual financial statement of the Central Bank,

2008 – 2010                   Polkomtel S.A.

Advisor to the Chief Executive Officer

  • Prepared macroeconomic forecasts of Polish economy
  • Analyzed company’s annual financial plans
  • Evaluated strategic acquisition decisions

2004 - 2008                    Bank Pekao S.A.

Chief Economist, Member of the Assets and Liabilities Management Committee

  • Prepared macroeconomic forecasts of Polish economy (achieved award of Rzeczpospolita economic and financial daily for the best GDP forecast in 2007)
  • Prepared banking sector forecasts (monetary aggregates, main elements of profit and loss statement)

2001 – 2004                   Central Bank of Poland

Deputy Governor , Member of the Management Board

  • Supervised  the Departments: of Macroeconomic Analysis,  of Foreign Reserves Management  and of Statistics
  • Participated in  decision making process  of the Central Bank’s Management Board
  • Presented macroeconomic forecast and opinions on  monetary policy decisions to the  Monetary Policy Council

 1994 – 2001                  Bank Handlowy  S.A

Advisor to the Chief Executive Officer

  • Prepared macroeconomic forecasts for Polish economy

1993 – 1994                   Ministry Of Finance

Expert on macroeconomics, Expert of the Team of Negotiators       

  • Prepared analyses for the Team of Negotiators for the purpose of negotiations  with the London Club on the reduction of  debt of Poland
  • Prepared and presented to the  London Club long term macroeconomic forecast of Polish economy, focusing on  balance of payment forecast

1991-1992                      The Prime Minister Office

Member of the Team of Strategic Advisors to the Vice Prime Minister

Leszek Balcerowicz

  • Prepared assessment of macroeconomic development
  • Prepared macroeconomics policy recommendations (tax policy, banking sector restructuring)

1990 – 1991                   The Polish Supreme Audit Office

Deputy  Director of Systemic Analysis Department

  • Prepared the assessment of the initial stage of economic reform in Poland
  • Prepared the guidelines  for reforms of the public audit during the transformation to market economy

1985 – 1989                   Warsaw University

Computer Centre of Psychology Department     

IT Consultant  

  • Provided  consultations on statistics  for research purposes
  • Provided computing  of  research projects
  • Provided computer training for students

1977 – 1984                   Central Statistical Office

Centre of Development of Statistical Data Bases


  • Prepared macroeconomic data base projects
  • Researched on  statistical metadata languages  


2008 -2009                                   Bank Gospodarstwa Krajowego

Chairman of the Supervisory Board

1992 – 2001                                 Scientific Foundation Centre for Social and Economic Research (CASE)


  • Drafted research projects on  fiscal and monetary policy under transformation, banking sector development

1995                                              Ministry of Labour, Pension System Reform Team               


  • Researched impact of pension system reform on stability of the public finance

1994                                              Bank Pekao S.A., Member of the Supervisory Board


The shock of transformation or the transformation of the shock?  Communist Economies and Economic Transformation, 5(1), 1993, p. 5-28

With: Irena Grosfeld and Jacek Rostowski: Investment and Finance in "de novo" private firms: Empirical Results from the Czech Republic, Hungary and Poland The Economics of Transition, 2000, vol. 8, issue 1, pages 101-116

With: Ewa Balcerowicz: Restructuring and Development of the Banking Sector in Poland. Lessons to be Learnt by Less Advanced Transition Countries  CASE Network Reports Nr 44 2001

With: Jacek Rostowski: The EU attitude to unilateral euroization: Misunderstandings, real concerns and sub-optimal admission criteria  The Economics of Transition, 2002, vol. 10, issue 2, pages 445-468