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Wpływ polityki fiskalnej i pieniężnej państw strefy euro na tempo wzrostu gospodarczego w warunkach wysokiego długu publicznego i niskich stóp procentowych

Author

Listed:
  • Malinowski, Dariusz

    (Kolegium Ekonomiczno-Społeczne, Szkoła Główna Handlowa w Warszawie)

Abstract

W ostatnich latach strefa euro odznacza się bardzo niskim tempem wzrostu gospodarczego (w niektórych latach zanotowano nawet zmniejszenie realnej wielkości produkcji faktycznej). Uruchomiło to dyskusję wśród ekonomistów na temat instrumentów, jakie powinna zastosować polityka publiczna w celu ożywienia gospodarki. W niniejszym artykule autor przeanalizował możliwości oddziaływania polityki fiskalnej i polityki monetarnej na wzrost gospodarczy, w sytuacji gdy stagnacji gospodarczej w strefie euro towarzyszy wysoki poziom długu publicznego jako % PKB, a także bardzo niski poziom stóp procentowych banku centralnego oraz rynkowych stóp procentowych. Autor na gruncie teorii ekonomii rozważył, czy ekspansywna polityka fiskalna przyczyni się do wzrostu realnej produkcji, czy też jedynie powiększy dług publiczny i zwiększy ryzyko niewypłacalności państwa i kryzysu walutowego. Autor przedstawił także koncepcję ilościowego luzowania jako instrumentu ekspansywnej polityki monetarnej.

Suggested Citation

  • Malinowski, Dariusz, 2014. "Wpływ polityki fiskalnej i pieniężnej państw strefy euro na tempo wzrostu gospodarczego w warunkach wysokiego długu publicznego i niskich stóp procentowych," Studia z Polityki Publicznej / Public Policy Studies, Warsaw School of Economics, vol. 1(4), pages 1-18, December.
    • Handle: RePEc:ris:spppps:0191
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    ekspansywna polityka fiskalna; dług publiczny; ekspansywna polityka monetarna; niskie stopy procentowe; ilościowe luzowanie; wzrost gospodarczy;
    All these keywords.

    JEL classification:

    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development

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