PURPOSEFULNESS OF STABILIZING ECONOMIC CONDITIONS

• Authors: Lubinski M.
• 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.

Keywords

EN

CYCLE; STABILIZATION POLICY COSTS AND BENEFITS; TREND

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Oficyna Wydawnicza Uczelni Łazarskiego
• Journal: Myśl Ekonomiczna i Prawna
• Year: 2006
• Issue: 4(15)
• Pages: 107-125
• Document type: ARTICLE

Contributors

author

Lubinski M.

• M. Lubinski, Wyzsza Szkola Handlu i Prawa w Warszawie, Katedra Ekonomii, ul. Swieradowska 43, 02-662 Warszawa, Poland

Identifiers

CEJSH db identifier

07PLAAAA02214678