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Analiza stabilności fiskalnej w Polsce w latach 1995-2014
[The Analysis of Fiscal Stability in Poland in the Years 1995-2014]

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  • Jarmulska, Barbara

Abstract

The article discusses the issue of fiscal stability and presents an analysis of the situation of Poland conducted from this perspective. The analysis was conducted in the context of introduction of a formal condition for fiscal stability and the evolution of approach to debt and deficit in the theory of economics. The article is to verify whether or not Polands fiscal policy was stable in the period of 1995-2014. The study is based on the selected econometric methods used in the literaturę and on the analysis of changes in Poland sińce 1995. The conducted analysis indicates stability of the fiscal policy in Poland in the examined period. However, because of the short series and incoherent results obtained, the conclusions should be treated with due caution. The existing fiscal framework and the shape of fiscal policy in response to new challenges and threats are identified as the most essential for the fiscal stability of Poland.

Suggested Citation

  • Jarmulska, Barbara, 2016. "Analiza stabilności fiskalnej w Polsce w latach 1995-2014 [The Analysis of Fiscal Stability in Poland in the Years 1995-2014]," MPRA Paper 100830, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:100830
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    File URL: https://mpra.ub.uni-muenchen.de/100830/1/Barbara%20Paczek_Jarmulska_151.pdf
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    References listed on IDEAS

    as
    1. Michał Mackiewicz & Piotr Krajewski, 2009. "On the mechanisms of achieving fiscal (un)sustainability: the case of Poland," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 36(4), pages 445-460, November.
    2. Carlos Marinheiro, 2005. "Sustainability of Portuguese Fiscal Policy in Historical Perspective," GEMF Working Papers 2005-01, GEMF, Faculty of Economics, University of Coimbra.
    3. Henning Bohn, 2005. "The Sustainability of Fiscal Policy in the United States," CESifo Working Paper Series 1446, CESifo.
    4. Hamilton, James D & Flavin, Marjorie A, 1986. "On the Limitations of Government Borrowing: A Framework for EmpiricalTesting," American Economic Review, American Economic Association, vol. 76(4), pages 808-819, September.
    5. Matthew B. Canzoneri & Robert E. Cumby & Behzad T. Diba, 2001. "Is the Price Level Determined by the Needs of Fiscal Solvency?," American Economic Review, American Economic Association, vol. 91(5), pages 1221-1238, December.
    6. Trehan, Bharat & Walsh, Carl E, 1991. "Testing Intertemporal Budget Constraints: Theory and Applications to U.S. Federal Budget and Current Account Deficits," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 23(2), pages 206-223, May.
    7. Hakkio, Craig S & Rush, Mark, 1991. "Is the Budget Deficit "Too Large?"," Economic Inquiry, Western Economic Association International, vol. 29(3), pages 429-445, July.
    8. Buchanan, James M, 1976. "Barro on the Ricardian Equivalence Theorem," Journal of Political Economy, University of Chicago Press, vol. 84(2), pages 337-342, April.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. 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.
    2. Maciej Wysocki & Cezary Wójcik, 2021. "Fiscal sustainability in the EU after the global crisis: Is there any progress? Evidence from Poland," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(3), pages 3997-4012, July.
    3. Maciej Wysocki & Cezary Wójcik, 2018. "Fiscal Sustainability in the EU After the Global Crisis: Is there any Progress?," CESifo Working Paper Series 7230, CESifo.

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    More about this item

    Keywords

    fiscal stability; public debt; the results of government and non-government institutions; unit root test;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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