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The impact of fiscal rules in achieving the stability of public finance ? results for Poland

Author

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  • Agnieszka Przybylska-Mazur

    (University of Economics in Katowice)

Abstract

The European Union Member States are required to apply numerical fiscal rules that, while maintaining their consistency with fiscal rules defined in the EU framework, may include specific elements for individual the Member States. The rules should strengthen the conduct of responsible budgetary policies by governments and support adherence of fiscal policy commitments under the Treaty on the Functioning of the European Union (TFEU) in the multiannual framework with regard to the general government.In this article we present the model on the basis of which we assess the impact of fiscal rules on achieving the following objectives: the general government deficit to GDP ratio not exceeding 3% and government debt to GDP ratio not exceeding 60%. We carry out the empirical analysis for Poland.

Suggested Citation

  • Agnieszka Przybylska-Mazur, 2019. "The impact of fiscal rules in achieving the stability of public finance ? results for Poland," Proceedings of International Academic Conferences 9711296, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iacpro:9711296
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    File URL: https://iises.net/proceedings/iises-international-academic-conference-vienna/table-of-content/detail?cid=97&iid=034&rid=11296
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    More about this item

    Keywords

    fiscal rule; stability of public finance; general government deficit; government debt;
    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
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus
    • C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics

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