Sustainability of fiscal policy in Poland in the period 2004–2017
Journal Title: International Journal of Management and Economics - Year 2018, Vol 54, Issue 3
Abstract
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.
Authors and Affiliations
Maciej Wysocki, Cezary Wójcik
Keywords
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- EP ID EP570785
- DOI 10.2478/ijme-2018-0021
- Views 55
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