Wpływ kryzysu finansowo-gospodarczego na sytuację fiskalną w nowych krajach członkowskich (UE-10)
Ładowanie...
Data wydania
2012
Autorzy
Tytuł czasopisma
ISSN
1733-2680
eISSN
Tytuł tomu
ISBN
eISBN
Wydawca
Oficyna Wydawnicza AFM
Abstrakt
The article undertakes the topic of fiscal sustainability in the New EU Member States in the
context of the recent economic crisis. Sharp falls in GDP lead to an increase of the basic indicator
of fiscal sustainability: debt to GDP ratio. Additionally, the economic slowdown worsens fiscal
balance both because of automatic stabilization mechanism and discretionary government actions.
The article presents economic situation in the EU-10 countries directly after the accession.
Then, the transmission mechanisms of the global crisis and the related dangers for the EU-10 countries
are exposed. An analysis of the business cycle in EU-10 countries and their fiscal position
implied by the crisis as well as the fiscal policy actions undertaken with the assessment of their
impact for economic growth and fiscal sustainability. Conclusions indicate that the majority of the
analyzed countries maintain a sustainable fiscal position in spite of its significant worsening during
the crisis. However, the situation of Hungary is very difficult and requires urgent corrective actions
and Poland (and to a smaller extent) Slovenia and Slovakia should be cautious in their fiscal policy
stance.
Opis
Tematy
Słowa kluczowe
Źródło
Krakowskie Studia Międzynarodowe 2012, nr 4 s. 49-72.