Efektywność automatycznych stabilizatorów koniunktury w Unii Europejskiej

• Authors: Bogumiła Mucha-Leszko , Magdalena Katarzyna Kąkol
• 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.

Keywords

PL

Unia Europejska; automatyczne stabilizatory koniunktury; stabilizatory fiskalne w UGiW

EN

European Union; automatic stabilisers; fiscal stabilisers in EMU

• Publisher: Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
• Journal: Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
• Year: 2013
• Volume: 47
• Issue: 2

Dates

published

2013

online

2015-07-23

Contributors

author

Bogumiła Mucha-Leszko

author

Magdalena Katarzyna Kąkol

References

• Barczyk R., Lubiński M., (2009), Dylematy stabilizowania koniunktury, Wyd. UE, Poznań.
• Barro R., (1974), Are Government Bonds Net Wealth?, “Journal of Political Economy”, vol. 82, no. 6.
• Baundsgaard T., S.A. Symansky, (2009), Automatic Fiscal Stabilizers, IMF.
• Buti M., Noord P. van den, (2004), Fiscal Policy in EMU: Rules, discretion and political incentives, “European
• Economy, Economic Papers”, no. 206.
• Christiano L., Eichenbaum M., Rebello S., (2011), When is the Government Spending Multiplier Large, “Journal of Political Economy”, vol. 119, no. 1.
• Davig T., Leeper E.M., (2011), Monetary Fiscal Policy Interaction and Fiscal Stimulus, “European Economic
• Review”, vol. 55, no. 2.
• Deburn X., Pisani-Ferry J., Sapir A., (2008), Government Size and Output Volatility: Should We Forsake Automatic Stabilization, “IMF Working Paper”, WP/08/122.
• Dolls M., Fuest C., Peichl A., (2010), Automatic Stabilizers and economic Crisis: US vs. Europe, “CGS Working Paper”, vol. 1, no. 2, University of Cologne.
• 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.
• Sargent T., Wallace N., (1981), Some Unpleasant Monetarist Arithmetic, “Quarterly Review of Minneapolis Federal Reserve Bank”, no. 5.
• 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.

Identifiers

DOI

10.17951/h.2013.47.2.123