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Republic of Poland: Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the headline deficit from 7.9 percent of GDP in 2010 to 3.9 percent in 2012. The authorities plan to implement a permanent fiscal rule. This would complement existing public debt limits, which have proven useful but insufficient in the past. Regarding mechanism design, the authorities have expressed their preference for a simple expenditure rule, on grounds of transparency, predictability, and ease of implementation across budgetary units.

Suggested Citation

  • International Monetary Fund, 2013. "Republic of Poland: Selected Issues," IMF Staff Country Reports 2013/220, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2013/220
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    References listed on IDEAS

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    1. Hauptmeier, Sebastian & Sanchez-Fuentes, A. Jesus & Schuknecht, Ludger, 2011. "Towards expenditure rules and fiscal sanity in the euro area," Journal of Policy Modeling, Elsevier, vol. 33(4), pages 597-617, July.
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    4. Ethan Ilzetzki & Carlos A. Vegh, 2008. "Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?," NBER Working Papers 14191, National Bureau of Economic Research, Inc.
    5. Barry Anderson & Joseph J. Minarik, 2006. "Design Choices for Fiscal Policy Rules," OECD Journal on Budgeting, OECD Publishing, vol. 5(4), pages 159-208.
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