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Economic and political implications of the Poladn’s accession to the European fiscal union

Author

Listed:
  • Grzegorz Libor

    (Institute of Sociology, University of Silesia (Katowice, Poland))

  • Jolanta Galuszka

    (Department of Finance, University of Economics (Katowice, Poland))

  • Ireneusz Galuszka

    (Department of Accounting and Finance, Katowice School of Economics (Katowice, Poland))

Abstract

Over the past three years, the governments have acted decisively on both national and international levels to avoid financial and economic crisis. This has led to large structural deficits and growing debt putting at risk the fiscal sustainability. Therefore the fiscal consolidation has become the basis for the current policy conducted across the OECD area. However the Polish economy managed to avoid the recession in 2009 despite the fact that it has one of the highest budget deficits. That is why an idea of the Poland’s accession to the European Fiscal Union is worth analyzing.

Suggested Citation

  • Grzegorz Libor & Jolanta Galuszka & Ireneusz Galuszka, 2013. "Economic and political implications of the Poladn’s accession to the European fiscal union," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 121(2), pages 211-232.
    • Handle: RePEc:vep:journl:y:2013:v:121:i:2:p:211-232
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    More about this item

    Keywords

    Poland; economics; politics; fiscal discipline; fiscal consolidation;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • H1 - Public Economics - - Structure and Scope of Government
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents
    • H6 - Public Economics - - National Budget, Deficit, and Debt

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