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

Author

Listed:
  • Wysocki Maciej

    (Warsaw School of EconomicsWarsaw, Poland)

  • Wójcik Cezary

    (Warsaw School of Economics, CESifoWarsaw, Poland)

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.

Suggested Citation

  • Wysocki Maciej & Wójcik Cezary, 2018. "Sustainability of fiscal policy in Poland in the period 2004–2017," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 54(3), pages 219-226, September.
    • Handle: RePEc:vrs:ijomae:v:54:y:2018:i:3:p:219-226:n:6
    DOI: 10.2478/ijme-2018-0021
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    References listed on IDEAS

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    Cited by:

    1. Maciej Wysocki & Cezary Wojcik & Andreas Freytag, 2022. "Populists and Fiscal Policy: The Case of Poland," Jena Economics Research Papers 2022-013, Friedrich-Schiller-University Jena.
    2. Maciej WYSOCKI & Cezary WÓJCIK, 2021. "Fiscal Sustainability in Poland: How Did the Public Policy Shift of 2016–2019 Impact the Country’s Long-Term," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 6, pages 777-798.

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    More about this item

    Keywords

    fiscal sustainability; fiscal policy; global crisis;
    All these keywords.

    JEL classification:

    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt

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