<abstract xmlns="http://www.w3.org/1999/xhtml"><p>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.</p></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.

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

International Journal of Management and Economics

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

{"article-title":"Sustainability of fiscal policy in Poland in the period 2004\u20132017"}

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...

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

Article Category: Research Article

Online veröffentlicht: 30. Sept. 2018

Seitenbereich: 219 - 226

Eingereicht: 17. Mai 2018

Akzeptiert: 28. Sept. 2018

DOI: https://doi.org/10.2478/ijme-2018-0021

Schlüsselwörter
fiscal sustainability, fiscal policy, global crisis

© 2018 Maciej Wysocki, Cezary Wójcik published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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

Article Category: Research Article

Online veröffentlicht: 30. Sept. 2018

Seitenbereich: 219 - 226

Eingereicht: 17. Mai 2018

Akzeptiert: 28. Sept. 2018

DOI: https://doi.org/10.2478/ijme-2018-0021

Schlüsselwörterfiscal sustainability, fiscal policy, global crisis

© 2018 Maciej Wysocki, Cezary Wójcik published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

Schlüsselwörter
fiscal sustainability, fiscal policy, global crisis