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Fiscal Policy in European Union Countries in Time of the Economic Crisis – Attempt to Estimation

Budget Deficits in a Stochastic Economy, “Journal of Money Credit and Banking”, Vol. 27, No. 1. Burger P. (2003), Sustainable Fiscal Policy and Economic Stability. Theory and Practice, Edward Elgar, Cheltenham, UK, Northhampton, MA, USA. Fedorowicz Z. (1988), Polityka fiskalna Wydawnictwo Wyższej Szkoły Bankowej, Poznań. Fullwiler S.T. (2007), Interest Rates and Fiscal Sustainability, “Journal of Economic Issues”, Vol. 41, No. 4. Gajda-Kantorowska M. (2011), Analiza przydatności polityki fiskalnej do

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Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group

References BALBONI, F., BUTI, M., LARCH, M. (2007). ECB vs. Council vs. Commission: Monetary and Fiscal Policy Interactions in the EMU When Cyclical Conditions are Uncertain. European Economy Economic Papers No. 277 . 34 pp. ISBN 978-92-79-04630-8. BEETSMA, R. M. W. J., BOVENBERG, L. A. (1998). Monetary Union without Fiscal Policy Coordination May Discipline Policymakers. Journal of International Economics, 1998. 45 (2). Pp. 239-58. DOI:10.1016/S0022-1996(98)00031-2. BUTI, M., ROEGER, W., VELD In´t J. (2001

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Linkages Between Fiscal Policy and Financial (In)Stability

REFERENCES 1. Alesina, A., & Tabellini, G. (2005). Why is Fiscal Policy Often Procyclical, NBER Working Paper Series 11600, July. 2. Amaglobeli, D., End, N., Jarmuzek, M., & Palomba, G. (2015). From Systemic Banking Crises to Fiscal Costs: Risk Factors, IMF Working Paper WP/15/166, July. 3. Andrews, D., Caldera Sánchez, A., & Johansson, Å. (2011). Housing Markets and Structural Policies in OECD Countries, OECD Economics Department Working Papers, No. 836, OECD Publishing. 4. Baldacci, E., Gupta, S., & Mulas-Granados, C. (2012). How

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Comparison of Nominal and Real Rigidities: Fiscal Policy Perspective

, Oeconomia Copernicana, no. 3 Bewley T.F., (1999), Why Wages Don’t Fall during a Recession?, Harvard University Press, Cambridge, Mass. Bils M., P.J. Klenow (2004), Some Evidence on the Importance of Sticky Prices, Journal of Political Economy, vol. 112 (5) Calvo G., (1983), Staggered Prices in a Utility-Maximizing Framework, Journal of Monetary Economics, no. 12 Cardia E., (1995), The effects of fiscal policies in a general equilibrium model with nominal wage contracts, Economic Letters, no. 49

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The Impact of the Great Recession on Monetary and Fiscal Policy in Developed Market Economies

Paper Series, No. 1336, pp. 7-43. 11. Feldstein, S. M. (2009), “Rethinking the Role of Fiscal Policy“, National Bureau of Economic Search Working Paper Series, No. 14684, pp. 1-11. 12. Ilzetzki, E., Végh, C. A. (2008), “Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?“, available at: file:///C:/Users/Korisnik/Downloads/IlzetzkiVegh.pdf / (15 March 2014). 13. Issing, O. (2009), “Asset Prices and Monetary Policies“, Cato Journal, Vol. 29, No. 1, pp. 45-51. 14. Mishkin, S. F. (2007

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

1 Introduction Fiscal policy sustainability has always been in the center of attention of policymaking in the European Union (EU), but after the recent global financial crisis and the sovereign debt crisis in the euro area, its role has increased even more. The global financial crisis of 2008 and the subsequent sovereign debt crisis in the euro area caused a drastic drop in budget revenues, which resulted in increased budget deficits in many countries, including Poland, which raised pertinent policy questions regarding long-term sustainability of public

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Changes in the fiscal policy of EU states after the 2008 crisis

1 Analysis of the economic growth rate and debt level Fiscal policy is a function of the economic and social objectives pursued by individual governments. The objectives affected by governments are determined by the views of the ruling parties on the role of the state in the economy. Although the axis of the disputes between the representatives of different views is different among the developed economies of North America, Asia, or Europe, there are undoubtedly common grounds in the disputes that exist in all highly developed countries. These disputes concern

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Fiscal Rules and Effective Fiscal Policy

References Alesina A., Tabellini G. (2005), Why Is Fiscal Policy Often Procyclical?, ‘NBER Working Paper’, Cambridge MA, September Alesina A., Tabellini G. (1990), A Positive Theory of Fiscal Deficits and Government Debt, ‘Review of Economic Studies’, no. 57 Catao L. A., Sutton B. W. (2002), Sovereign Defaults: the Role of Volatility , IMF Working Paper 02/149 Cottarelli C. (2009), (approved), Fiscal Rules-Anchoring Expectations for Sustainable Public

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Fiscal Policy, FDI and Macroeconomic Stabilization

. Debrun X. and R. Kapoor [2010], “Fiscal Policy and Macroeconomic Stability: Automatic Stabilizers Work, Always and Everywhere”, IMF Working Papers , no. 10/111. 15. De Souza L.V. [2004], “Financial Liberalization and Business Cycles: The experience of Countries in the Baltics and Central Eastern Europe”, Deutsche Bundesbank Discussion Paper , no. 23. 16. Dynan K.E., Elmendorf D.W. and D.E. Sichel [2006], “Can Financial Innovation Help to Explain the Reduced Volatility of Economic Activity”, Journal of Monetary Economics , 53, 123-150. 17. Fatás A

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Does a Progressive PIT Stabilize the Economy? A Comparison of Progressive and Flat Taxes

References Barro R. (1974), Are Government Bonds Net Wealth? , ‘Journal of Political Economy’, vol. 82(6). Baum A., G.B. Koester (2011), The impact of fiscal policy on economic activity over the business cycle – evidence form a threshold VAR analysis , Deutsche Bundesbank, Discussion Paper, no 03. Baxter M., R.G. King (1993), Fiscal Policy in General Equilibrium , ‘The American Economic Review’, vol. 83(3). Blanchard O., R. Perotti (2002), An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes

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