IDEAS home Printed from https://ideas.repec.org/a/aoq/ekonom/y2026i1p83-101.html

Emocjonalne i zewnętrzne uwarunkowania czterech i pół kryzysu ekonomicznego XXI wieku

Author

Listed:
  • Adam Noga
  • Andrzej Krzysztof Koźmiński
  • Sergiej Druchin

Abstract

Celem artykułu jest analiza powtarzalności kryzysów gospodarczych w XXI wieku oraz wskazanie kluczowych mechanizmów ich powstawania i przebiegu. W szczególności analizowane są konsekwencje polityki antycyklicznej, która – choć krótkookresowo stabilizuje gospodarkę – prowadzi do narastania długu publicznego i prywatnego, zwiększając ryzyko kolejnych kryzysów. Perspektywa przyjęta w artykule integruje ekonomię, nauki społeczne i polityczne, zgodnie z argumentacją, że zjawiska kryzysowe nie są wyłącznie efektem czynników makroekonomicznych, lecz wynikają także z emocjonalnych i instytucjonalnych reakcji społeczeństw oraz ich uwarunkowań zewnętrznych. Wszelkie modelowe ujęcia cyklu koniunkturalnego i modelowe sposoby przeciwdziałania kryzysom gospodarczym zawodzą. Polityka gospodarcza musi coraz bardziej liczyć na mikroekonomiczne zarządzanie, nadające gospodarkom antykruchość i rezyliencję, a makroekonomia coraz bardziej odwoływać się do analizy kontekstualnej i tzw. eksperymentów naturalnych. W artykule wykorzystana została analiza modelowa i badania empiryczne dotyczące lat 2000–2023 oraz 22 krajów europejskich, należących do OECD.

Suggested Citation

  • Adam Noga & Andrzej Krzysztof Koźmiński & Sergiej Druchin, 2026. "Emocjonalne i zewnętrzne uwarunkowania czterech i pół kryzysu ekonomicznego XXI wieku," Ekonomista, Polskie Towarzystwo Ekonomiczne, issue 1, pages 83-101.
  • Handle: RePEc:aoq:ekonom:y:2026:i:1:p:83-101
    as

    Download full text from publisher

    File URL: https://ekonomista.pte.pl/pdf-203999-125104
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Rudiger Dornbusch & Sebastian Edwards, 1989. "Macroeconomic Populism in Latin America," NBER Working Papers 2986, National Bureau of Economic Research, Inc.
    2. Scott R. Baker & Nicholas Bloom & Steven J. Davis, 2016. "Measuring Economic Policy Uncertainty," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 131(4), pages 1593-1636.
    3. Jon Elster, 1998. "Emotions and Economic Theory," Journal of Economic Literature, American Economic Association, vol. 36(1), pages 47-74, March.
    4. Rudiger Dornbusch & Sebastian Edwards, 1991. "The Macroeconomics of Populism in Latin America," NBER Books, National Bureau of Economic Research, Inc, number dorn91-1.
    5. Michael D. Bauer & Thomas M. Mertens, 2018. "Economic Forecasts with the Yield Curve," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    6. Mankiw, N Gregory, 1985. "Consumer Durables and the Real Interest Rate," The Review of Economics and Statistics, MIT Press, vol. 67(3), pages 353-362, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Camille Baulant & Nivine Albouz, 2021. "Has financial globalization since 1990 reduced income inequality: the role of rating announcements on the volatility and the returns of the Brazilian Financial Market [Les annonces de notation souveraine, la volatilité des marchés financiers et le," Working Papers hal-03258994, HAL.
    2. Mejia, Daniel & Posada, Carlos-Esteban, 2007. "Populist policies in the transition to democracy," European Journal of Political Economy, Elsevier, vol. 23(4), pages 932-953, December.
    3. Ferreira, Francisco H.G. & Leite, Phillippe G. & Ravallion, Martin, 2010. "Poverty reduction without economic growth?: Explaining Brazil's poverty dynamics, 1985-2004," Journal of Development Economics, Elsevier, vol. 93(1), pages 20-36, September.
    4. Luo, Jingru & Liu, Jingting & Alba, Joseph D. & Wang, Peiming, 2025. "The international spillovers of US monetary policy uncertainty: Is it a dilemma or trilemma for monetary policy?," Economic Modelling, Elsevier, vol. 150(C).
    5. Kołodko, Grzegorz W., . "Uwarunkowania i długookresowe implikacje Strategii dla Polski," Gospodarka Narodowa-The Polish Journal of Economics, Szkoła Główna Handlowa w Warszawie / SGH Warsaw School of Economics, vol. 2019(2).
    6. Himounet, Nicolas, 2022. "Searching the nature of uncertainty: Macroeconomic and financial risks VS geopolitical and pandemic risks," International Economics, Elsevier, vol. 170(C), pages 1-31.
    7. Pedro Cezar Dutra Fonseca, 2003. "Legitimidade e Credibilidade: Impasses da Política Econômica do Governo Goulart," Anais do XXXI Encontro Nacional de Economia [Proceedings of the 31st Brazilian Economics Meeting] a09, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    8. Grzegorz W. Kołodko, 2019. "Uwarunkowania i długookresowe implikacje Strategii dla Polski," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 65-93.
    9. Alesina, Alberto & Angeletos, George-Marios, 2005. "Corruption, inequality, and fairness," Journal of Monetary Economics, Elsevier, vol. 52(7), pages 1227-1244, October.
    10. Oscar Dancourt, 1992. "Desinflación ortodoxa y retraso cambiario en el Perú: un modelo keynesiano," Documentos de Trabajo / Working Papers 1992-102, Departamento de Economía - Pontificia Universidad Católica del Perú.
    11. Nicolas Himounet, 2022. "Searching the nature of uncertainty: Macroeconomic and financial risks VS geopolitical and pandemic risks," Post-Print hal-05113023, HAL.
    12. Bresser-Pereira, Luiz Carlos & virtual::1516 & -1, 2009. "A tendência à sobreapreciação da taxa de câmbio," Textos para discussão 183, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    13. Massimo Ferrari Minesso & Laura Lebastard & Helena Mezo, 2023. "Text-Based Recession Probabilities," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(2), pages 415-438, June.
    14. Stöckl, Sebastian & Rode, Martin, 2021. "The price of populism: Financial market outcomes of populist electoral success," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 51-83.
    15. Schady, Norbert R., 1999. "Seeking votes - the political economy of expenditures by the Peruvian Social Fund (FONCODES), 1991-95," Policy Research Working Paper Series 2166, The World Bank.
    16. Poza, Carlos & Monge, Manuel, 2020. "A real time leading economic indicator based on text mining for the Spanish economy. Fractional cointegration VAR and Continuous Wavelet Transform analysis," International Economics, Elsevier, vol. 163(C), pages 163-175.
    17. Benhabib, Jess & Velasco, Andres, 1994. "On the Economics of Fiscal Populism in an Open Economy," Working Papers 94-22, C.V. Starr Center for Applied Economics, New York University.
    18. Rolando Peláez, 2009. "Economic freedom: a comparative study," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 33(3), pages 246-258, July.
    19. Nicolas Himounet & Francisco Serranito & Julien Vauday, 2021. "Uncertainty is bad for Business. Really?," Working Papers 2021.03, International Network for Economic Research - INFER.
    20. Sebastian Edwards, 1996. "Public Sector Deficits and Macroeconomic Stability in Developing Countries," NBER Working Papers 5407, National Bureau of Economic Research, Inc.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aoq:ekonom:y:2026:i:1:p:83-101. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Tomasz Kwarcinski (email available below). General contact details of provider: https://edirc.repec.org/data/pteeeea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.