Sustainability of fiscal policy in Poland in the period 2004–2017

International Journal of Management and Economics

Wójcik Cezary¹  Wysocki Maciej² 

[1] Warsaw School of Economics, CESifoWarsaw, Poland;Warsaw School of EconomicsWarsaw, Poland;

关键词: fiscal sustainability;    fiscal policy;    global crisis;    c22;    e60;    h63;   

DOI  :  10.2478/ijme-2018-0021

来源: DOAJ

【 摘 要 】

The aim of this paper is to analyze fiscal sustainability in Poland after joining EU between 2004-2017. Unlike previous studies, which analyzed weak measures of fiscal sustainability, we analyze fiscal sustainability measures in the strong sense. Contrary to previous studies we estimate individual, not panel, fiscal reaction functions which allows us to provide possibly a more accurate picture of fiscal policy outcomes in Poland. Moreover, our empirical analysis takes a closer look at the series of structural breaks that occurred after the global crisis. Based on our analysis we may tentatively conclude that despite cyclical fiscal deterioration during the crisis fiscal policy in Poland has been sustainable in the strong sense up until 2017.

【 授权许可】

Unknown