Trwała destabilizacja finansów publicznych a stopa bezrobocia w wybranych krajach Unii Europejskiej

• Authors: Janusz Heller , Kamil Kotliński

Title variants

EN

PERMANENT DESTABILISATION OF PUBLIC FINANCE AND THE UNEMPLOYMENT RATE IN SELECTED COUNTRIES OF THE EUROPEAN UNION

• Languages of publication: PL

Abstracts

EN

The aim of this study was to identify the relationship between a wrong long-term fiscal policy and the levels of unemployment. The following hypothesis was subject to verification: a high level of unemployment is one of the negative effects of long-term excessive deficit and public debt. The study concerned the years 2000–2011 and used the method of comparative analysis. The group of countries with relatively stable public finance includes: the Netherlands, Denmark, Finland, and Sweden, while countries with unstable public finance are Greece, Portugal, Italy, and Belgium. The countries selected for the analysis were all among the 15 countries of the so-called “old” Member States. The study hypothesis was verified positive. Countries that had a long-term excessive debt and excessive deficit (exceeding the accepted standards) did nothave a lower unemployment rate than the countries which at that time hadastable and sustainable fiscal policy. The continuous fiscal expansion, which in fact leads to a destabilisation of public finance, did not protect these count ries against high unemployment. At the same time, faced with unexpect edexternal shocks (the crisis), these countries were not adequately prepared to absorb the negative effects.

Keywords

EN

EUROPEAN UNION; PUBLIC FINANCE; UNEMPLOYMENT

• Publisher: Centre for Europe, University of Warsaw
• Journal: Studia Europejskie-Studies in European Affairs
• Year: 2012
• Issue: 4
• Pages: 95-106

Contributors

author

Janusz Heller

• prof. UWM

author

Kamil Kotliński

• Katedra Makroekonomii, Wydział Nauk Ekonomicznych, Uniwersytet Warmińsko-Mazurski w Olsztynie