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Elastyczność polityki fiskalnej w Unii Walutowej
(Oficyna Wydawnicza AFM, 2007) Młodkowski, Paweł
The discussion of the need to formally coordinate fiscal policies in monetary union member countries lacks a framework to assess the feasibility of different limits and requirements imposed on public finance at the member-country level. The main argument raised by opponents to a multi lateral supervision is that it allows for n o flexibility in conducting fiscal policy. A lack of this flexibility makes a response to asymmetric shocks impossible and increases differences in business cycle phases among monetary union member countries . This paper offers a framework to assess and compare fiscal policy flexibility underavariety of different fiscal constraints and their levels.
Folia Oeconomica Cracoviensia, Vol. XLVIII
(Krakowska Akademia im. Andrzeja Frycza Modrzewskiego, Polska Akademia Nauk - Oddział w Krakowie - Komisja Nauk Ekonomicznych i Statystyki, 2007) Gurgul, Henryk; Majdosz, Paweł; Młodkowski, Paweł; Fiszeder, Piotr; Wróbel-Rotter, Renata; Pipień, Mateusz; Denkowska, Sabina; Broda, Zdzisław Jan; Iwasiewicz, Andrzej