The organisational activity of Gottfried Wilhelm Leibniz fits squarely with the transformations in science and research that took place in the seventeenth-century Europe with the inspiration of the model presented by Francis Bacon in New Atlantis (Bacon 1626). This paper is an attempt to assess Leibniz’s efforts aimed at building a new enlightened society within the structures of the Holy Roman Empire of the German Nation. The philosopher’s reformatory projects also had an internationalist dimension for Leibniz saw science as an area free of any political or societal boundaries. Leibniz’s activity in this field should be analysed not only in the context of social and civilisational changes taking place in Europe in the late seventeenth and the early eighteenth century but also take into account a wide spectrum of the philosopher’s research activities and his numerous contributions to diverse fields of knowledge, the value and significance of which could only be appreciated by later generations.
Although typically realized by free items, degree modification has a number of morphological exponents in Polish, including the neoclassical prefix arcy-, which, while originally attaching to profession-denoting nouns with a view to indicating a higher rank in a hierarchy, has come to perform the function of reinforcement in conjunction with adjectival bases. Since the scarce previous research concerned with the aforementioned prefixal reinforcer builds only on lexicographic material, this paper offers a quantitative, corpus-based account of the productivity of the formative at issue by providing its TTR (type-token ratio) and HTR (hapax-token ratio) measures, calculated by dividing the number of, respectively, types of adjectival bases and hapax adjectives by that of all relevant tokens, in two periods in the history of Polish, namely in the Baroque epoch, when arcy- gained a strong foothold in language practice owing to the then prevalent rhetorical tendency toward a profuse employment of elements of foreign provenance, and in contemporary Polish. The results of the empirical analysis indicate a dramatic decrease in the level of the bound form’s productivity over time, to the point that the probability of an arcy-adjective encountered by a language user being unique fell from nearly 30% in the Baroque period to less than 1% at present time, which can be accounted for in terms of the formative having been superseded by more recent, functionally analogous prefixes, particularly super- and mega-.
This paper is intended to address the work “Against logical form”, authored by Johnson-Laird in 2010. In it, based on the theory of mental models, Johnson-Laird claims that the way people interpret sentences in natural language has nothing to do with logic. This is because that action is not related to logical forms. According to him, the mental activity is mainly linked to semantics and pragmatics. However, here, following arguments provided by López-Astorga, I try to show that the theory of mental models can be linked to syntactic structures. My main point is made by dealing with an argument given in the mentioned Johnson-Laird’s paper. In principle, that argument seems to undermine proposals such as that of López-Astorga. However, the present work proposes otherwise.
This paper explores the relationship between thinking and decision-making. In the first part, the paper analyzes the process of thinking from three aspects – language, psychology, and behavior. It then proceeds to investigate the implications of different kinds of thinking ondecision-making. The final section of the paper raises some questions and concerns about the role of the scientific method in making decisions under conditions of uncertainty. The author offers specific examples from the book publishing business and the movie industry.
The paper argues that metaphorical expressions do more than just instantiate conceptual metaphors. The main aim is to emphasize the role source and target words’ meanings play in construing generic-level metaphors. The latter are taken to act as superordinate categories for other metaphors, occurring at various levels of schematicity. Identification of lower-level metaphors takes into account source words’ metaphorical senses, not the central meanings of the categories they represent. This method brings the issue of source words’ polysemy into play, and hence helps explain why metaphorical expressions relating to the same generic-level metaphor may activate different lower-level metaphors, which carry different metaphorical meanings.
Publicado en línea: 30 Dec 2022 Páginas: 105 - 125
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The ruling of the Polish Constitutional Tribunal of October 22, 2020 introduced a near-complete ban on abortion in Poland, as it removed from the law the embryopathological condition that allowed abortion when the fetus had an incurable, severe disease. The ruling raises a number of questions regarding the recognition of international protection of human rights, the equal protection status of human rights, and the principle of trust in the state. The Tribunal’s ruling resulted in massive public protests in Poland, the adoption of condemnatory resolutions by the European Parliament, and the submission of a new bill by members of the parliament from the opposition groups. The purpose of the paper is to show the questionable ruling issued by the Constitutional Tribunal from the perspective of protection of human rights and the attempts of opposition MPs to change the legal order. The Tribunal’s ruling violates women’s human rights and is therefore a form of discrimination against women. Attempts by opposition MPs to “civilize” the right to abortion have proved unsuccessful. The jurisprudence of the European Court of Human Rights may establish a breakthrough, as the Tribunal has received a complaint concerning the prevention of abortion on embryopathological grounds in connection with the ruling of the Constitutional Court of October 22, 2020.
Publicado en línea: 30 Dec 2022 Páginas: 127 - 137
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The aim of this article was to prepare a basis for further quantitative research concerning the nutritional knowledge of medical professionals (doctors) and dieticians in view of the accuracy of dietary recommendations given to patients. For this purpose, a review of literature data in this area was performed and logical fallacies were proposed as the ‘tool’ that doctors rely on in cases when they lack the proper knowledge required to be able give an informed and beneficial recommendation. In the course of the study, it was found that nutritional education is neglected in medical curricula, while dieticians are underused as professionals in clinical settings. Furthermore, numerous characteristics of the medical profession and the doctor–patient relationship are conducive to committing several types of logical fallacies, prompted mainly by the need for providing advice without delay and the infallibility traditionally expected from doctors. Hence, the gaps in nutritional knowledge and the fallacious character of recommendations, in addition to the re-valuation of the role of the nutritionist, need to be further investigated in order to improve the quality of patient advice in the area of dietary requirements as well as to propose the necessary changes in curricula.
Publicado en línea: 30 Dec 2022 Páginas: 139 - 150
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This special issue offers a multidimensional perspective on the recent inquiries into knowledge representation. Multidimensionality exposes the complexity of knowledge representation and helps distinguish between different approaches and research tools. On the one hand, the presented research focuses on the theoretical and empirical aspects of knowledge representation (taking into account cognitive processes and capacities, including linguistic skills needed to generate and express knowledge); on the other, the articles included in the issue discuss the practical discourse, analyzing actions from the point of view of cognitively oriented semantics and the scientific practice broadly understood. The issue consists of five papers that show how certain ideas in the research area of knowledge representation inspired the authors to look for new approaches to modelling concepts and practical reasoning, constructing theory of signs using the tools of data science, and dealing with cognitive artifacts in scientific practice and its dynamics. What these approaches have in common is their attempt at capturing the multidimensionality of knowledge representation in such a way that integrates them. Our goal is to emphasize some innovative aspects of those approaches with respect to the dynamics of knowledge representation in both the cognitive system and scientific practice.
Publicado en línea: 30 Dec 2022 Páginas: 151 - 167
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Current cognitive architectures are either working at the abstract, symbolic level, or the low, emergent level related to neural modeling. The best way to understand phenomena is to see, or imagine them, hence the need for a geometric model of mental processes. Geometric models should be based on an intermediate level of modeling that describe mental states in terms of features relevant from the first-person perspective but also linked to neural events. Concepts should be represented as geometrical objects that have sufficiently rich structures to show their properties and their relations to other concepts. The best way to create such geometrical representations of concepts is through the approximate description of the physical states of neural networks. The evolution of brain states is then represented as a trajectory linking successful concepts, and topological constraints on the shape of such trajectory define grammar and logic.
Publicado en línea: 30 Dec 2022 Páginas: 169 - 200
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Compared to existing classical approaches to semiotics which are dyadic (signifier/signified, F. de Saussure) and triadic (symbol/concept/object, Ch. S. Peirce), this theory can be characterized as tetradic ([sign/semion]//[object/noema]) and is the result of either doubling the dyadic approach along the semiotic/ordinary dimension or splitting the ‘concept’ of the triadic one into two (semiotic/ordinary). Other important features of this approach are (a) the distinction made between concepts (only functional pairs of extent and intent) and categories (as representations of expressions) and (b) the indication of the need for providing the mathematical passage from the duality between two sets (where one is a singleton) within systems of sets to category-theoretical monoids within systems of categories while waiting for the solution of this problem in the field of logic.
Last but not least, human language expressions are the most representative physical instances of semiotic objects. Moreover, as computational experiments which are possible with linguistic objects present a high degree of systematicity (of oppositions), in general, it is relatively easy to elucidate their dependence on the concepts underlying signs. This new semiotic theory or rather this new research program emerged as the fruit of experimentation and reflection on the application of data science tools elaborated within the frameworks of Rough Set Theory (RST), Formal Context Analysis (FCA) and, though only theoretically, Distributed Information Logic (DIL).
The semiotic objects (s-objects) of this theory can be described in tabular datasets. Nevertheless, at this stage of formalisation of the theory, lattices (not trees) can be used as working representation structures for characterizing the components of concept systems and graphs for categories of each layer.
Publicado en línea: 30 Dec 2022 Páginas: 201 - 217
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Reasoning is not just following logical rules, but a large part of human reasoning depends on our expectations about the world. To some extent, non-monotonic logic has been developed to account for the role of expectations. In this article, the focus is on expectations based on actions and their consequences. The analysis is based on a two-vector model of events where an event is represented in terms of two main components – the force of an action that drives the event, and the result of its application. Actions are modelled in terms of the force domain and the results are modelled with the aid of different domains for locations or properties of objects. As a consequence, the assumption that reasoning about causal relations should be made in terms of propositional structures becomes very unnatural. Instead, the reasoning will be based on the geometric and topological properties of causes and effects modelled in conceptual spaces.
Publicado en línea: 30 Dec 2022 Páginas: 219 - 246
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One of the critical issues in the philosophy of science is to understand scientific knowledge. This paper proposes a novel approach to the study of reflection on science, called “cognitive metascience”. In particular, it offers a new understanding of scientific knowledge as constituted by various kinds of scientific representations, framed as cognitive artifacts. It introduces a novel functional taxonomy of cognitive artifacts prevalent in scientific practice, covering a huge diversity of their formats, vehicles, and functions. As a consequence, toolboxes, conceptual frameworks, theories, models, and individual hypotheses can be understood as artifacts supporting our cognitive performance. It is also shown that by empirically studying how artifacts function, we may discover hitherto undiscussed virtues and vices of these scientific representations. This paper relies on the use of language technology to analyze scientific discourse empirically, which allows us to uncover the metascientific views of researchers. This, in turn, can become part of normative considerations concerning virtues and vices of cognitive artifacts.
Publicado en línea: 30 Dec 2022 Páginas: 247 - 268
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The paper focuses on knowledge generation, a topic frequently overlooked in the traditional debates in epistemology and philosophy of science. We focus on investigation as the primary process generating knowledge and its products. Investigation is taken as a generalization of the research process that includes similar knowledge-generating practices in aboriginal communities. To characterize the complexity of investigation processes and their products we go beyond traditional epistemological characterization of knowledge in terms of mental states and turn to the concept of routine. Investigation processes share a common symbolic representation form which we call here a knowledge thread. The dynamics of the knowledge thread may be characterized by two intertwined tiers: cognitive and institutional. Using examples from our previous studies, especially on the recent discovery of microRNAs in molecular biology, we illustrate the dynamics of threads and claim that it is susceptible to the social network analysis which, however, requires insightful applications and sound interpretation of the results. Such an interpretation, as we suggest, may further be elaborated on the grounds of anthropological theories of distributed agency and distributed cognition.
Publicado en línea: 30 Dec 2022 Páginas: 269 - 295
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A direct consequence of the pandemic was the widespread occur-rence, and in many OECD countries – a growing public finance imbalance. The paper presents the results of research on the dynamics and structure of public debt, its relation to GDP and to the net borrowing of the general government sector. The main purpose of the article is to show the impact of the pandemic on the size and structure of public debt in the largest EU economies, as well as in other selected OECD countries. An attempt was also made to identify factors that had a significant impact on the amount of public debt during the pandemic. The new debt was used primarily to finance net borrowing and, ultimately, to support the economy and selected social groups. However, as the article points out, the new debt to a significant extent financed the increase in liquidity in the public sector, and in some cases – a larger volume of loans granted by public sector entities and their equity investments.
Publicado en línea: 30 Dec 2022 Páginas: 297 - 319
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The COVID-19 pandemic is global and affects all countries in the world. The difference in the financial impact assessment of its outbreak concerns, inter alia, the state of preparation of the public sector in the previous period. The article assumes that countries which coordinated the structure of sovereign assets and liabilities before 2020 were less exposed to the negative effects of financial risks resulting from the COVID-19 pandemic.
The study uses data and methodology of the International Monetary Fund and the authors’ measures dedicated to the public sector to assess the sovereign asset and liability management (SALM).
As part of the results, the negative value of net worth and the national net welfare index for the studied countries, including Poland in the period before the pandemic crisis, were indicated. In addition, the level of the loans mismatch on the public balance sheet and the scale of the increase in financial risk in the first year of COVID-19 are presented. Conclusions of research make it possible to assess the impact of COVID-19 on Sovereign Asset and Liability Management.
Publicado en línea: 30 Dec 2022 Páginas: 321 - 334
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The paper is devoted to the issue of surveillance in capitalism (surveillance capitalism), a phenomenon which has spread in that socio-economic system since the beginning of the 21st century. We attempt to point out the harmfulness of information technologies developing in the wrong direction, carrying the ideas of dataism and post-truth, which increasingly colonize human living space. It turns out that the information (traces) that people leave while operating on the Internet is a source of predicting human behavior in the future (behavioral futures markets). Thus, for the most developed Internet enterprises in the world, they become a motive for violating what seem to be basic political rights, mainly freedom, property and security. As a result, under the influence of the disinformation often present on the Internet, people’s behavior may take the most socially undesirable forms, but desirable in the virtual world.
The considerations in the paper are primarily theoretical. The descriptive method was used with elements of the conceptual analysis of surveillance capitalism in the context of dataism and post-truth.
Publicado en línea: 30 Dec 2022 Páginas: 335 - 354
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In this study, edited on the basis of a critical review of domestic and foreign literature, as well as authors’ own analyzes, previously presented in several articles (Słodowa-Hełpa 2015; Gorynia 2021 and 2022), mainly in two shorter texts published in popular magazines with a range of Poland (Gory-nia and Słodowa-Hełpa 2022a, 2022b), selected aspects of the concept of the common good from the perspective of the Covid-19 pandemic were presented.
The authors’ conviction that in the process of searching for cures to overcome civilization turbulences, the common good cannot be eliminated from the social, political, economic and moral space, was the inspiration to take up this issue. Therefore, the search for answers to the following four questions was considered leading: Will pandemic experiences catalyze a better understanding of the common good? How can they reduce its deficit? To what extent can a return to the concept of the common good, offering real forms of participation and shared responsibility, help in overcoming the painful effects of the present and future threats to civilization? Can respecting the principles of the common good be considered an imperative in the process of overcoming problems of an increasingly global scope?
In view of the ambiguity of the category of the common good and the related interpretation difficulties, it was deemed necessary to place the main part of the study in the background of the most general approach to the essence of the analyzed category and its status in philosophical and economic terms.
The summary outlines conclusions and postulates concerning the conditions for the functioning of global common goods and the possibility of using them in international cooperation.
Publicado en línea: 30 Dec 2022 Páginas: 355 - 374
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The conclusion emerging from the analysis on the impact of the COVID-19 pandemic on public finances in Spain and in Poland in the years 2020–2021 shows that the effects should be considered in the short-term and long-term perspectives. The short-term perspective is featured by deterioration of the budget condition and the public debt ratio of both countries in the first year of the pandemic, and an improvement of the situation in 2021. The effects of the pandemic for public finances were far more severe in Spain, which – viewed objectively – resulted from the fact that financing of the support programmes was to a larger extent based on funds from the state budget. In Poland the impact of these expenditures on the budget was relatively insignificant since the majority of the outlays were taken outside of the state budget, and even out of the sphere of public finances. As a consequence, the budget deficit remained at a moderate level and the debt of the public sector in relation to GDP was half that of Spain. Despite the fact that the condition of public finances was markedly worse there after two years of combating COVID-19, it was decisively more transparent. Admittedly, the model introduced in Poland ensured peace in the system of public finances on the formal side, but it meant future costs that were unavoidable and difficult to assess.
Publicado en línea: 30 Dec 2022 Páginas: 375 - 396
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Goal – The aim of the article is to identify dysfunctional phenomena (implementation of specific mechanisms/solutions and actions taken), generating increased opacity and limit the responsibility/accountability of public finance in Poland, exacerbated by the COVID-19 crisis.
Methods – descriptive analysis, comparative analysis and financial analysis methods were used.
Results – fiscal transparency and accountability in Poland is limited by: the marginalisation of the role of the state budget, the loosening of the stabilising expenditure rule, the creation of financial mechanisms based on special funds fed by repayable financing sources for the implementation of state tasks, inter alia, in the fight against the effects of the COVID-19 crisis, the use of national and EU methodologies for calculating the deficit and debt of the public sector in order to conceal part of them, the lack of a consolidated financial statement of the public finance sector.
Publicado en línea: 30 Dec 2022 Páginas: 397 - 424
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The Covid-19 pandemic triggered a crisis affecting many spheres of socio-economic life. Both the authorities and entrepreneurs found themselves in a new and unusual situation. The lockdown introduced in the Polish economy in March 2020 has changed drastically environment and conditions for entrepreneurs and companies in Poland. The article touches on the problem of changes in the system of formal and informal institutions during that period. An attempt was made to answer the question: to what extent was the institutional state order compatible with the spontaneous order during that period, did the paths of entrepreneurs and the government meet and an agreement was reached in the name of setting a common policy direction to support the economy in the difficult period of the pandemic, or did the paths of these parties diverge?
The research hypothesis requiring verification was that the institutional crisis in Poland deepened during the Covid-19 pandemic, as reflected in the slow erosion of the principles of institutional governance.
The analysis shows that the progressing institutional weakness of the state during the period under review deepened the crisis of institutions. Its symptom was the gradual disappearance of social dialogue and arbitrary decisions taken by the government. The rules of law did not take into account the needs of entrepreneurs. Over time, the trust in the government and the law has declined. In a response to the prolonged lockdown in many sectors of the Polish economy, some desperate entrepreneurs took steps to circumvent the law, and there were active protests of entrepreneurs against the government’s decisions. The government might defend its authority only with ineffective repressions applied to entrepreneurs.
Publicado en línea: 30 Dec 2022 Páginas: 425 - 440
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Present, as Manuel Castells (1996) notes, we live in the information age. Knowledge and the way it is acquired and processed are the driving forces of the economy, and information processing systems are the strength of economies. The aim of this article is to identify the key role of the information supply phenomenon in contemporary socio-economic processes. The initial part of the article will define such concepts as: information, infodemia, information market, in the further part examples of the use of information in the process of forming social behaviour in the market context will be presented. For this purpose, three major economic crises from the turn of the 20th and 21st century will be used cross-sectionally. The first will be described as the dot-com crisis, i.e. the first global Internet players, which led to the collapse or loss of value of many global Internet platforms through the creation and bursting of a speculative bubble. The second crisis described below was related to the collapse of Lehman Brothers, a leading US bank, and the US housing crisis. In the above case, both supply and concealment of information in the public sphere could be observed. The last crisis described is the crisis related to the SARS-COV2 pandemic, in which dis- and mis- information activities proved to be crucial.
Publicado en línea: 30 Dec 2022 Páginas: 441 - 450
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Recent increases in inflation rates around the world has lead to many discussions on the causes of such rapid adjustments, some suggesting that higher profits are responsible driving force behind inflation. Here we will focus on the United States case and demonstrate why quantity theory of money is relevant to explain what has been going on with inflation after 2020 rather than profit based theory of inflation. First section introduces the argument. Second section restates quantity theory of money with relevance to the empirical literature. Third section shows why quantity theory despite some suggestions works to explain the current levels of inflation. Fourth section notices why increases in nominal profits during inflation are part of the natural adjustment path. Last section offers concluding comments.
Publicado en línea: 30 Dec 2022 Páginas: 451 - 473
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Main task of the paper is to recall sociologist and philosopher – Zygmunt Bauman’s observations and concepts on the fears, anxieties, and uncertainties that appear in the modern world. Main focus was directed to Europe as Bauman was particularly concerned about its future and its role in the global society. The paper is illustrated using current examples from political, social, and economic life to confirm and/or negate Bauman’s concepts. We ask: are fears stable or changeable? Are they stronger or weaker? Are they constant, coming to an end, or are they replaced by new ones? Additionally, we confront Bauman’s concepts with the ideas of other sociologists who applied the interpretative perspective.
We define fear following Bauman’s various proposals, and we distinguish many kinds of fears, giving examples from Western societies and socio-economic realities during the time of globalization. We refer to a few relevant sociological concepts to understand Bauman’s view better, e.g. the strategy of detour or the term of generalized other. In conclusions, we state that most fears remain the same (especially ontological ones). However, in the 21st century, we can observe the emergence of new ones (also artificial ones).
Publicado en línea: 30 Dec 2022 Páginas: 475 - 497
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The hydrogen market in the world today is capable ovule and empirical evidence on activity of patents in fuel cells and hydrogen production is limited so far. Patent applications in zero-emission mobility in the aspect of fuel cells include: DAFC/DMFC&DMFC, PEMFC, SOFC, AFC, PAFC. As for the patents relating to the hydrogen production, they concern low carbon, electrolysis and inorganic. The purpose of the study was to investigate certain aspects of the activity of patents in fuel cells and hydrogen production in the context of passenger car fleet in the Visegrad group (V4) countries and to explore the relationship between patent registrations and GDP per capita in V4. The research area relates to the answer to the question of whether a country’s involvement in zero-emission patent activity (patents in fuel cells and hydrogen production) could contribute to the renewal of the country’s passenger car fleet. The theses were formulated as follows: 1) activity of patents in fuel cells and hydrogen production in the V4 countries doesn’t depend on the car fleet in these countries, 2) the level of GDP per capita in the V4 countries is not followed by the number of patents registrations in hydrogen technology, 3) the highest patent activity in fuel cells and hydrogen production doesn’t mean that the car fleet in these country will be zero-emission in coming years. The method used in this article is a comparative analysis, but also the relationships between patent registrations, GDP per capita and passenger car fleet in V4 are considered
Publicado en línea: 30 Dec 2022 Páginas: 499 - 516
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In the face of the COVID-19 pandemic, governments worldwide established various mechanisms to facilitate the pandemic response and ensure the state’s functioning. As a consequence, the economic impact of the COVID-19 crisis varies in countries, depending on the region. We are looking for answers to research questions: how the COVID-19 pandemic influenced the finances of local government institutions in 2020–2021; Is it possible to distinguish the types of units where this impact was greater or smaller, and whether and how the pandemic-related legislation influenced the fiscal relations between the state and local government, especially in the context of the local government institutions’ financial independence. We have noticed that financial solutions dedicated to local government units, as well as making local government fiscal rules more flexible, allowed to maintain the potential of the local economic base. They also had a diversified impact on the Polish local government institutions’ income level.
Publicado en línea: 30 Dec 2022 Páginas: 517 - 546
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The article analyzes the specifics of the COVID-19 crisis and its impact on the public finance system, taking into account the key problems of the theory of fiscal federalism. The purpose of this article is to examine the impact of the pandemic crisis on the fiscal relations taking place between different levels of public authority (intergovernmental relations – IGR), considered in the context of the decentralization of the public finance system and the associated distribution of public functions and resources. The article refers to the model features of these relationships, as defined in the theory of fiscal federalism. It also examined the responses of European countries to the negative effects of the COVID-19 crisis, taken within the framework of the IGR, in order to limit the negative effects of the pandemic at different stages. An attempt was also made to answer the question of how the current pandemic crisis may change the multilevel governance (MLG) patterns set forth in the doctrine. The Polish public finance system was used as an example for detailed analysis in this regard.
Publicado en línea: 30 Dec 2022 Páginas: 547 - 569
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The aim of the article is to analyse the provisions regulating the organisation and principles of financial management of the COVID-19 Counteracting Fund in the context of progressive debudgetisation of public finances. The first part presents the concept, sources and effects of debudgetisation of public finances, with emphasis on earmarked funds as the basic example of this process. The second part assesses the regulations concerning the organisation and tasks of the COVID-19 Counteracting Fund, and presents the sources of financing and the principles of financial management. Using methods according to contemporary legal, economic and financial principles (in particular, a critical review of the literature on the subject, legal acts, and analysis of statistical data), basic features determining the actual nature and role of the COVID-19 Counteracting Fund in the collection and spending of public money were verified. The hypothesis that this institution (despite not having the status of a state earmarked fund in the normative sense) is a kind of para-budget with typical functions of public finances was confirmed. The creation of the COVID-19 Counteracting Fund resulted in the exclusion of some finances of a public nature from the general pool, intended primarily for tasks related to health care during the COVID-19 pandemic. The adoption of such a solution is part of a trend of increasing deviations from the principle of completeness of the state budget noticeable in recent years, which has led to excessive debudgetisation of the state budget. This, in turn, is not conducive to maintaining transparency and rationality in the collection and spending of public funds, which are prescribed by the doctrine.
Publicado en línea: 30 Dec 2022 Páginas: 571 - 589
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The article discusses the determinants of fiscal policy in the times of COVID-19. Most economists share the opinion that fiscal packages are necessary to mitigate the health and economic costs of a pandemic. However, the scale of fiscal intervention and the types of fiscal policy instruments that should be used raise doubts.
The aim of the article is to explore the factors determining the size and structure of fiscal packages which have been implemented globally in response to the crisis caused by the COVID-19 pandemic. In addition, attention is drawn to the potential impact of fiscal intervention on public finance sustainability, bearing in mind that most governments have chosen to use fiscal support instruments to enhance consumption and investment following the COVID-19 hit, although the cross-country differences are evident both in the magnitude and composition of fiscal stimulus packages.
A descriptive analysis was conducted along with a panel data analysis to examine the determinants of government fiscal support in response to the COVID-19 crisis. The empirical analysis is based on cross-sectional data from the International Monetary Fund, OECD and Eurostat. The sample consists of 40 countries representing advanced and emerging economies. Based on the panel analysis, it was found that the total fiscal stimulus packages depended mainly on the fiscal space. Fiscal intervention in countries with greater tax-collection capacity (such as Germany, United States, United Kingdom and Japan) was greater compared to others. A positive and statistically significant relationship between the average income level and the size of fiscal stimulus was also confirmed. Moreover, it turned out that countries with larger populations and higher fatality rates provided greater fiscal support for the COVID-19 pandemic.The empirical analysis expands the existing knowledge on the determinants of the fiscal policy implemented in response to the COVID-19 crisis under the conditions of low interest rates, when macroeconomic stabilization can only be ensured through fiscal stimulus programs.
The organisational activity of Gottfried Wilhelm Leibniz fits squarely with the transformations in science and research that took place in the seventeenth-century Europe with the inspiration of the model presented by Francis Bacon in New Atlantis (Bacon 1626). This paper is an attempt to assess Leibniz’s efforts aimed at building a new enlightened society within the structures of the Holy Roman Empire of the German Nation. The philosopher’s reformatory projects also had an internationalist dimension for Leibniz saw science as an area free of any political or societal boundaries. Leibniz’s activity in this field should be analysed not only in the context of social and civilisational changes taking place in Europe in the late seventeenth and the early eighteenth century but also take into account a wide spectrum of the philosopher’s research activities and his numerous contributions to diverse fields of knowledge, the value and significance of which could only be appreciated by later generations.
Although typically realized by free items, degree modification has a number of morphological exponents in Polish, including the neoclassical prefix arcy-, which, while originally attaching to profession-denoting nouns with a view to indicating a higher rank in a hierarchy, has come to perform the function of reinforcement in conjunction with adjectival bases. Since the scarce previous research concerned with the aforementioned prefixal reinforcer builds only on lexicographic material, this paper offers a quantitative, corpus-based account of the productivity of the formative at issue by providing its TTR (type-token ratio) and HTR (hapax-token ratio) measures, calculated by dividing the number of, respectively, types of adjectival bases and hapax adjectives by that of all relevant tokens, in two periods in the history of Polish, namely in the Baroque epoch, when arcy- gained a strong foothold in language practice owing to the then prevalent rhetorical tendency toward a profuse employment of elements of foreign provenance, and in contemporary Polish. The results of the empirical analysis indicate a dramatic decrease in the level of the bound form’s productivity over time, to the point that the probability of an arcy-adjective encountered by a language user being unique fell from nearly 30% in the Baroque period to less than 1% at present time, which can be accounted for in terms of the formative having been superseded by more recent, functionally analogous prefixes, particularly super- and mega-.
This paper is intended to address the work “Against logical form”, authored by Johnson-Laird in 2010. In it, based on the theory of mental models, Johnson-Laird claims that the way people interpret sentences in natural language has nothing to do with logic. This is because that action is not related to logical forms. According to him, the mental activity is mainly linked to semantics and pragmatics. However, here, following arguments provided by López-Astorga, I try to show that the theory of mental models can be linked to syntactic structures. My main point is made by dealing with an argument given in the mentioned Johnson-Laird’s paper. In principle, that argument seems to undermine proposals such as that of López-Astorga. However, the present work proposes otherwise.
This paper explores the relationship between thinking and decision-making. In the first part, the paper analyzes the process of thinking from three aspects – language, psychology, and behavior. It then proceeds to investigate the implications of different kinds of thinking ondecision-making. The final section of the paper raises some questions and concerns about the role of the scientific method in making decisions under conditions of uncertainty. The author offers specific examples from the book publishing business and the movie industry.
The paper argues that metaphorical expressions do more than just instantiate conceptual metaphors. The main aim is to emphasize the role source and target words’ meanings play in construing generic-level metaphors. The latter are taken to act as superordinate categories for other metaphors, occurring at various levels of schematicity. Identification of lower-level metaphors takes into account source words’ metaphorical senses, not the central meanings of the categories they represent. This method brings the issue of source words’ polysemy into play, and hence helps explain why metaphorical expressions relating to the same generic-level metaphor may activate different lower-level metaphors, which carry different metaphorical meanings.
The ruling of the Polish Constitutional Tribunal of October 22, 2020 introduced a near-complete ban on abortion in Poland, as it removed from the law the embryopathological condition that allowed abortion when the fetus had an incurable, severe disease. The ruling raises a number of questions regarding the recognition of international protection of human rights, the equal protection status of human rights, and the principle of trust in the state. The Tribunal’s ruling resulted in massive public protests in Poland, the adoption of condemnatory resolutions by the European Parliament, and the submission of a new bill by members of the parliament from the opposition groups. The purpose of the paper is to show the questionable ruling issued by the Constitutional Tribunal from the perspective of protection of human rights and the attempts of opposition MPs to change the legal order. The Tribunal’s ruling violates women’s human rights and is therefore a form of discrimination against women. Attempts by opposition MPs to “civilize” the right to abortion have proved unsuccessful. The jurisprudence of the European Court of Human Rights may establish a breakthrough, as the Tribunal has received a complaint concerning the prevention of abortion on embryopathological grounds in connection with the ruling of the Constitutional Court of October 22, 2020.
The aim of this article was to prepare a basis for further quantitative research concerning the nutritional knowledge of medical professionals (doctors) and dieticians in view of the accuracy of dietary recommendations given to patients. For this purpose, a review of literature data in this area was performed and logical fallacies were proposed as the ‘tool’ that doctors rely on in cases when they lack the proper knowledge required to be able give an informed and beneficial recommendation. In the course of the study, it was found that nutritional education is neglected in medical curricula, while dieticians are underused as professionals in clinical settings. Furthermore, numerous characteristics of the medical profession and the doctor–patient relationship are conducive to committing several types of logical fallacies, prompted mainly by the need for providing advice without delay and the infallibility traditionally expected from doctors. Hence, the gaps in nutritional knowledge and the fallacious character of recommendations, in addition to the re-valuation of the role of the nutritionist, need to be further investigated in order to improve the quality of patient advice in the area of dietary requirements as well as to propose the necessary changes in curricula.
This special issue offers a multidimensional perspective on the recent inquiries into knowledge representation. Multidimensionality exposes the complexity of knowledge representation and helps distinguish between different approaches and research tools. On the one hand, the presented research focuses on the theoretical and empirical aspects of knowledge representation (taking into account cognitive processes and capacities, including linguistic skills needed to generate and express knowledge); on the other, the articles included in the issue discuss the practical discourse, analyzing actions from the point of view of cognitively oriented semantics and the scientific practice broadly understood. The issue consists of five papers that show how certain ideas in the research area of knowledge representation inspired the authors to look for new approaches to modelling concepts and practical reasoning, constructing theory of signs using the tools of data science, and dealing with cognitive artifacts in scientific practice and its dynamics. What these approaches have in common is their attempt at capturing the multidimensionality of knowledge representation in such a way that integrates them. Our goal is to emphasize some innovative aspects of those approaches with respect to the dynamics of knowledge representation in both the cognitive system and scientific practice.
Current cognitive architectures are either working at the abstract, symbolic level, or the low, emergent level related to neural modeling. The best way to understand phenomena is to see, or imagine them, hence the need for a geometric model of mental processes. Geometric models should be based on an intermediate level of modeling that describe mental states in terms of features relevant from the first-person perspective but also linked to neural events. Concepts should be represented as geometrical objects that have sufficiently rich structures to show their properties and their relations to other concepts. The best way to create such geometrical representations of concepts is through the approximate description of the physical states of neural networks. The evolution of brain states is then represented as a trajectory linking successful concepts, and topological constraints on the shape of such trajectory define grammar and logic.
Compared to existing classical approaches to semiotics which are dyadic (signifier/signified, F. de Saussure) and triadic (symbol/concept/object, Ch. S. Peirce), this theory can be characterized as tetradic ([sign/semion]//[object/noema]) and is the result of either doubling the dyadic approach along the semiotic/ordinary dimension or splitting the ‘concept’ of the triadic one into two (semiotic/ordinary). Other important features of this approach are (a) the distinction made between concepts (only functional pairs of extent and intent) and categories (as representations of expressions) and (b) the indication of the need for providing the mathematical passage from the duality between two sets (where one is a singleton) within systems of sets to category-theoretical monoids within systems of categories while waiting for the solution of this problem in the field of logic.
Last but not least, human language expressions are the most representative physical instances of semiotic objects. Moreover, as computational experiments which are possible with linguistic objects present a high degree of systematicity (of oppositions), in general, it is relatively easy to elucidate their dependence on the concepts underlying signs. This new semiotic theory or rather this new research program emerged as the fruit of experimentation and reflection on the application of data science tools elaborated within the frameworks of Rough Set Theory (RST), Formal Context Analysis (FCA) and, though only theoretically, Distributed Information Logic (DIL).
The semiotic objects (s-objects) of this theory can be described in tabular datasets. Nevertheless, at this stage of formalisation of the theory, lattices (not trees) can be used as working representation structures for characterizing the components of concept systems and graphs for categories of each layer.
Reasoning is not just following logical rules, but a large part of human reasoning depends on our expectations about the world. To some extent, non-monotonic logic has been developed to account for the role of expectations. In this article, the focus is on expectations based on actions and their consequences. The analysis is based on a two-vector model of events where an event is represented in terms of two main components – the force of an action that drives the event, and the result of its application. Actions are modelled in terms of the force domain and the results are modelled with the aid of different domains for locations or properties of objects. As a consequence, the assumption that reasoning about causal relations should be made in terms of propositional structures becomes very unnatural. Instead, the reasoning will be based on the geometric and topological properties of causes and effects modelled in conceptual spaces.
One of the critical issues in the philosophy of science is to understand scientific knowledge. This paper proposes a novel approach to the study of reflection on science, called “cognitive metascience”. In particular, it offers a new understanding of scientific knowledge as constituted by various kinds of scientific representations, framed as cognitive artifacts. It introduces a novel functional taxonomy of cognitive artifacts prevalent in scientific practice, covering a huge diversity of their formats, vehicles, and functions. As a consequence, toolboxes, conceptual frameworks, theories, models, and individual hypotheses can be understood as artifacts supporting our cognitive performance. It is also shown that by empirically studying how artifacts function, we may discover hitherto undiscussed virtues and vices of these scientific representations. This paper relies on the use of language technology to analyze scientific discourse empirically, which allows us to uncover the metascientific views of researchers. This, in turn, can become part of normative considerations concerning virtues and vices of cognitive artifacts.
The paper focuses on knowledge generation, a topic frequently overlooked in the traditional debates in epistemology and philosophy of science. We focus on investigation as the primary process generating knowledge and its products. Investigation is taken as a generalization of the research process that includes similar knowledge-generating practices in aboriginal communities. To characterize the complexity of investigation processes and their products we go beyond traditional epistemological characterization of knowledge in terms of mental states and turn to the concept of routine. Investigation processes share a common symbolic representation form which we call here a knowledge thread. The dynamics of the knowledge thread may be characterized by two intertwined tiers: cognitive and institutional. Using examples from our previous studies, especially on the recent discovery of microRNAs in molecular biology, we illustrate the dynamics of threads and claim that it is susceptible to the social network analysis which, however, requires insightful applications and sound interpretation of the results. Such an interpretation, as we suggest, may further be elaborated on the grounds of anthropological theories of distributed agency and distributed cognition.
A direct consequence of the pandemic was the widespread occur-rence, and in many OECD countries – a growing public finance imbalance. The paper presents the results of research on the dynamics and structure of public debt, its relation to GDP and to the net borrowing of the general government sector. The main purpose of the article is to show the impact of the pandemic on the size and structure of public debt in the largest EU economies, as well as in other selected OECD countries. An attempt was also made to identify factors that had a significant impact on the amount of public debt during the pandemic. The new debt was used primarily to finance net borrowing and, ultimately, to support the economy and selected social groups. However, as the article points out, the new debt to a significant extent financed the increase in liquidity in the public sector, and in some cases – a larger volume of loans granted by public sector entities and their equity investments.
The COVID-19 pandemic is global and affects all countries in the world. The difference in the financial impact assessment of its outbreak concerns, inter alia, the state of preparation of the public sector in the previous period. The article assumes that countries which coordinated the structure of sovereign assets and liabilities before 2020 were less exposed to the negative effects of financial risks resulting from the COVID-19 pandemic.
The study uses data and methodology of the International Monetary Fund and the authors’ measures dedicated to the public sector to assess the sovereign asset and liability management (SALM).
As part of the results, the negative value of net worth and the national net welfare index for the studied countries, including Poland in the period before the pandemic crisis, were indicated. In addition, the level of the loans mismatch on the public balance sheet and the scale of the increase in financial risk in the first year of COVID-19 are presented. Conclusions of research make it possible to assess the impact of COVID-19 on Sovereign Asset and Liability Management.
The paper is devoted to the issue of surveillance in capitalism (surveillance capitalism), a phenomenon which has spread in that socio-economic system since the beginning of the 21st century. We attempt to point out the harmfulness of information technologies developing in the wrong direction, carrying the ideas of dataism and post-truth, which increasingly colonize human living space. It turns out that the information (traces) that people leave while operating on the Internet is a source of predicting human behavior in the future (behavioral futures markets). Thus, for the most developed Internet enterprises in the world, they become a motive for violating what seem to be basic political rights, mainly freedom, property and security. As a result, under the influence of the disinformation often present on the Internet, people’s behavior may take the most socially undesirable forms, but desirable in the virtual world.
The considerations in the paper are primarily theoretical. The descriptive method was used with elements of the conceptual analysis of surveillance capitalism in the context of dataism and post-truth.
In this study, edited on the basis of a critical review of domestic and foreign literature, as well as authors’ own analyzes, previously presented in several articles (Słodowa-Hełpa 2015; Gorynia 2021 and 2022), mainly in two shorter texts published in popular magazines with a range of Poland (Gory-nia and Słodowa-Hełpa 2022a, 2022b), selected aspects of the concept of the common good from the perspective of the Covid-19 pandemic were presented.
The authors’ conviction that in the process of searching for cures to overcome civilization turbulences, the common good cannot be eliminated from the social, political, economic and moral space, was the inspiration to take up this issue. Therefore, the search for answers to the following four questions was considered leading: Will pandemic experiences catalyze a better understanding of the common good? How can they reduce its deficit? To what extent can a return to the concept of the common good, offering real forms of participation and shared responsibility, help in overcoming the painful effects of the present and future threats to civilization? Can respecting the principles of the common good be considered an imperative in the process of overcoming problems of an increasingly global scope?
In view of the ambiguity of the category of the common good and the related interpretation difficulties, it was deemed necessary to place the main part of the study in the background of the most general approach to the essence of the analyzed category and its status in philosophical and economic terms.
The summary outlines conclusions and postulates concerning the conditions for the functioning of global common goods and the possibility of using them in international cooperation.
The conclusion emerging from the analysis on the impact of the COVID-19 pandemic on public finances in Spain and in Poland in the years 2020–2021 shows that the effects should be considered in the short-term and long-term perspectives. The short-term perspective is featured by deterioration of the budget condition and the public debt ratio of both countries in the first year of the pandemic, and an improvement of the situation in 2021. The effects of the pandemic for public finances were far more severe in Spain, which – viewed objectively – resulted from the fact that financing of the support programmes was to a larger extent based on funds from the state budget. In Poland the impact of these expenditures on the budget was relatively insignificant since the majority of the outlays were taken outside of the state budget, and even out of the sphere of public finances. As a consequence, the budget deficit remained at a moderate level and the debt of the public sector in relation to GDP was half that of Spain. Despite the fact that the condition of public finances was markedly worse there after two years of combating COVID-19, it was decisively more transparent. Admittedly, the model introduced in Poland ensured peace in the system of public finances on the formal side, but it meant future costs that were unavoidable and difficult to assess.
Goal – The aim of the article is to identify dysfunctional phenomena (implementation of specific mechanisms/solutions and actions taken), generating increased opacity and limit the responsibility/accountability of public finance in Poland, exacerbated by the COVID-19 crisis.
Methods – descriptive analysis, comparative analysis and financial analysis methods were used.
Results – fiscal transparency and accountability in Poland is limited by: the marginalisation of the role of the state budget, the loosening of the stabilising expenditure rule, the creation of financial mechanisms based on special funds fed by repayable financing sources for the implementation of state tasks, inter alia, in the fight against the effects of the COVID-19 crisis, the use of national and EU methodologies for calculating the deficit and debt of the public sector in order to conceal part of them, the lack of a consolidated financial statement of the public finance sector.
The Covid-19 pandemic triggered a crisis affecting many spheres of socio-economic life. Both the authorities and entrepreneurs found themselves in a new and unusual situation. The lockdown introduced in the Polish economy in March 2020 has changed drastically environment and conditions for entrepreneurs and companies in Poland. The article touches on the problem of changes in the system of formal and informal institutions during that period. An attempt was made to answer the question: to what extent was the institutional state order compatible with the spontaneous order during that period, did the paths of entrepreneurs and the government meet and an agreement was reached in the name of setting a common policy direction to support the economy in the difficult period of the pandemic, or did the paths of these parties diverge?
The research hypothesis requiring verification was that the institutional crisis in Poland deepened during the Covid-19 pandemic, as reflected in the slow erosion of the principles of institutional governance.
The analysis shows that the progressing institutional weakness of the state during the period under review deepened the crisis of institutions. Its symptom was the gradual disappearance of social dialogue and arbitrary decisions taken by the government. The rules of law did not take into account the needs of entrepreneurs. Over time, the trust in the government and the law has declined. In a response to the prolonged lockdown in many sectors of the Polish economy, some desperate entrepreneurs took steps to circumvent the law, and there were active protests of entrepreneurs against the government’s decisions. The government might defend its authority only with ineffective repressions applied to entrepreneurs.
Present, as Manuel Castells (1996) notes, we live in the information age. Knowledge and the way it is acquired and processed are the driving forces of the economy, and information processing systems are the strength of economies. The aim of this article is to identify the key role of the information supply phenomenon in contemporary socio-economic processes. The initial part of the article will define such concepts as: information, infodemia, information market, in the further part examples of the use of information in the process of forming social behaviour in the market context will be presented. For this purpose, three major economic crises from the turn of the 20th and 21st century will be used cross-sectionally. The first will be described as the dot-com crisis, i.e. the first global Internet players, which led to the collapse or loss of value of many global Internet platforms through the creation and bursting of a speculative bubble. The second crisis described below was related to the collapse of Lehman Brothers, a leading US bank, and the US housing crisis. In the above case, both supply and concealment of information in the public sphere could be observed. The last crisis described is the crisis related to the SARS-COV2 pandemic, in which dis- and mis- information activities proved to be crucial.
Recent increases in inflation rates around the world has lead to many discussions on the causes of such rapid adjustments, some suggesting that higher profits are responsible driving force behind inflation. Here we will focus on the United States case and demonstrate why quantity theory of money is relevant to explain what has been going on with inflation after 2020 rather than profit based theory of inflation. First section introduces the argument. Second section restates quantity theory of money with relevance to the empirical literature. Third section shows why quantity theory despite some suggestions works to explain the current levels of inflation. Fourth section notices why increases in nominal profits during inflation are part of the natural adjustment path. Last section offers concluding comments.
Main task of the paper is to recall sociologist and philosopher – Zygmunt Bauman’s observations and concepts on the fears, anxieties, and uncertainties that appear in the modern world. Main focus was directed to Europe as Bauman was particularly concerned about its future and its role in the global society. The paper is illustrated using current examples from political, social, and economic life to confirm and/or negate Bauman’s concepts. We ask: are fears stable or changeable? Are they stronger or weaker? Are they constant, coming to an end, or are they replaced by new ones? Additionally, we confront Bauman’s concepts with the ideas of other sociologists who applied the interpretative perspective.
We define fear following Bauman’s various proposals, and we distinguish many kinds of fears, giving examples from Western societies and socio-economic realities during the time of globalization. We refer to a few relevant sociological concepts to understand Bauman’s view better, e.g. the strategy of detour or the term of generalized other. In conclusions, we state that most fears remain the same (especially ontological ones). However, in the 21st century, we can observe the emergence of new ones (also artificial ones).
The hydrogen market in the world today is capable ovule and empirical evidence on activity of patents in fuel cells and hydrogen production is limited so far. Patent applications in zero-emission mobility in the aspect of fuel cells include: DAFC/DMFC&DMFC, PEMFC, SOFC, AFC, PAFC. As for the patents relating to the hydrogen production, they concern low carbon, electrolysis and inorganic. The purpose of the study was to investigate certain aspects of the activity of patents in fuel cells and hydrogen production in the context of passenger car fleet in the Visegrad group (V4) countries and to explore the relationship between patent registrations and GDP per capita in V4. The research area relates to the answer to the question of whether a country’s involvement in zero-emission patent activity (patents in fuel cells and hydrogen production) could contribute to the renewal of the country’s passenger car fleet. The theses were formulated as follows: 1) activity of patents in fuel cells and hydrogen production in the V4 countries doesn’t depend on the car fleet in these countries, 2) the level of GDP per capita in the V4 countries is not followed by the number of patents registrations in hydrogen technology, 3) the highest patent activity in fuel cells and hydrogen production doesn’t mean that the car fleet in these country will be zero-emission in coming years. The method used in this article is a comparative analysis, but also the relationships between patent registrations, GDP per capita and passenger car fleet in V4 are considered
In the face of the COVID-19 pandemic, governments worldwide established various mechanisms to facilitate the pandemic response and ensure the state’s functioning. As a consequence, the economic impact of the COVID-19 crisis varies in countries, depending on the region. We are looking for answers to research questions: how the COVID-19 pandemic influenced the finances of local government institutions in 2020–2021; Is it possible to distinguish the types of units where this impact was greater or smaller, and whether and how the pandemic-related legislation influenced the fiscal relations between the state and local government, especially in the context of the local government institutions’ financial independence. We have noticed that financial solutions dedicated to local government units, as well as making local government fiscal rules more flexible, allowed to maintain the potential of the local economic base. They also had a diversified impact on the Polish local government institutions’ income level.
The article analyzes the specifics of the COVID-19 crisis and its impact on the public finance system, taking into account the key problems of the theory of fiscal federalism. The purpose of this article is to examine the impact of the pandemic crisis on the fiscal relations taking place between different levels of public authority (intergovernmental relations – IGR), considered in the context of the decentralization of the public finance system and the associated distribution of public functions and resources. The article refers to the model features of these relationships, as defined in the theory of fiscal federalism. It also examined the responses of European countries to the negative effects of the COVID-19 crisis, taken within the framework of the IGR, in order to limit the negative effects of the pandemic at different stages. An attempt was also made to answer the question of how the current pandemic crisis may change the multilevel governance (MLG) patterns set forth in the doctrine. The Polish public finance system was used as an example for detailed analysis in this regard.
The aim of the article is to analyse the provisions regulating the organisation and principles of financial management of the COVID-19 Counteracting Fund in the context of progressive debudgetisation of public finances. The first part presents the concept, sources and effects of debudgetisation of public finances, with emphasis on earmarked funds as the basic example of this process. The second part assesses the regulations concerning the organisation and tasks of the COVID-19 Counteracting Fund, and presents the sources of financing and the principles of financial management. Using methods according to contemporary legal, economic and financial principles (in particular, a critical review of the literature on the subject, legal acts, and analysis of statistical data), basic features determining the actual nature and role of the COVID-19 Counteracting Fund in the collection and spending of public money were verified. The hypothesis that this institution (despite not having the status of a state earmarked fund in the normative sense) is a kind of para-budget with typical functions of public finances was confirmed. The creation of the COVID-19 Counteracting Fund resulted in the exclusion of some finances of a public nature from the general pool, intended primarily for tasks related to health care during the COVID-19 pandemic. The adoption of such a solution is part of a trend of increasing deviations from the principle of completeness of the state budget noticeable in recent years, which has led to excessive debudgetisation of the state budget. This, in turn, is not conducive to maintaining transparency and rationality in the collection and spending of public funds, which are prescribed by the doctrine.
The article discusses the determinants of fiscal policy in the times of COVID-19. Most economists share the opinion that fiscal packages are necessary to mitigate the health and economic costs of a pandemic. However, the scale of fiscal intervention and the types of fiscal policy instruments that should be used raise doubts.
The aim of the article is to explore the factors determining the size and structure of fiscal packages which have been implemented globally in response to the crisis caused by the COVID-19 pandemic. In addition, attention is drawn to the potential impact of fiscal intervention on public finance sustainability, bearing in mind that most governments have chosen to use fiscal support instruments to enhance consumption and investment following the COVID-19 hit, although the cross-country differences are evident both in the magnitude and composition of fiscal stimulus packages.
A descriptive analysis was conducted along with a panel data analysis to examine the determinants of government fiscal support in response to the COVID-19 crisis. The empirical analysis is based on cross-sectional data from the International Monetary Fund, OECD and Eurostat. The sample consists of 40 countries representing advanced and emerging economies. Based on the panel analysis, it was found that the total fiscal stimulus packages depended mainly on the fiscal space. Fiscal intervention in countries with greater tax-collection capacity (such as Germany, United States, United Kingdom and Japan) was greater compared to others. A positive and statistically significant relationship between the average income level and the size of fiscal stimulus was also confirmed. Moreover, it turned out that countries with larger populations and higher fatality rates provided greater fiscal support for the COVID-19 pandemic.The empirical analysis expands the existing knowledge on the determinants of the fiscal policy implemented in response to the COVID-19 crisis under the conditions of low interest rates, when macroeconomic stabilization can only be ensured through fiscal stimulus programs.