PL EN


2013 | 47 | 2 |
Article title

Efektywność automatycznych stabilizatorów koniunktury w Unii Europejskiej

Content
Title variants
Languages of publication
PL
Abstracts
PL
Artykuł nie zawiera abstraktu w języku polskim
EN
The subject of this article is to estimate the EU’s fiscal policy, using theoretical and empirical approaches. The authors try to answer the question “how effective are fiscal stabilisers”? On the basis of the analysis conducted it has been found that the sensitivity of budget revenues to the business cycle for the EU-27 amounts to 0.43 but it varies from 0.58 in Sweden to 0.27 in Lithuania. Similarly, the research results concerning absorption of income shocks that have an effect on the level of consumption are diversified.
Year
Volume
47
Issue
2
Physical description
Dates
published
2013
online
2015-07-23
References
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  • European Commission, (2010), Monitoring Tax Revenues and Tax Reforms in EU Member States 2010, “European Economy”, no. 6.
  • Fernández M.J.A., Gonzáles J.U., (2004), Stabilization Policy in EMU. The Case for More Active Fiscal Policy, “Serie de Collecion de Informes del Observatorio de Economia Europea del Istituto de Estudios Europeos”, no. 3, Madrid.
  • Girouard N., André C., (2005), Measuring Cyclically-Adjusted Budget Balances for OECD Countries, “OECD Economics Department Working Papers”, no. 434.
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  • Taylor J.B., (2009), The Lack of an Empirical Rationale for Revival of Discretionary Fiscal Policy, “American Economic Review”, vol. 99, no. 2.
  • Veld J. in’t, Larch M., Vandeveyer M., (2012), Automatic Fiscal Stabilizers: What they are and what they do, “European Economy, Economic Papers”, no. 452.
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.ojs-doi-10_17951_h_2013_47_2_123
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