PL EN


2006 | 4(15) | 107-125
Article title

PURPOSEFULNESS OF STABILIZING ECONOMIC CONDITIONS

Authors
Title variants
Languages of publication
PL
Abstracts
EN
The paper concentrates on searching an answer to the question whether correcting the market in the scope of the medium-term economic processes is purposeful and whether it has the real chances to succeed. The author pays special attention to potential benefits resulting from smoothing out a cycle and the links between a trend and a cycle. The review and the critical evaluation of the literature connected with this field leads the author to a conclusion that although theoretical views are far from being unambiguous, there exist more and more arguments against excessive activity of the state in smoothing out business cycle. Stabilization policy does not necessarily lead to the rise in the social welfare and accelerating the general dynamics of growth.
Year
Issue
Pages
107-125
Physical description
Document type
ARTICLE
Contributors
author
  • M. Lubinski, Wyzsza Szkola Handlu i Prawa w Warszawie, Katedra Ekonomii, ul. Swieradowska 43, 02-662 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
07PLAAAA02214678
YADDA identifier
bwmeta1.element.2d72d659-e2c4-3374-aa26-a554f4871e3b
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