“Fiscal pact” vs. fiscal policy Cover Image

„Pakt fiskalny” a polityka fiskalna
“Fiscal pact” vs. fiscal policy

Author(s): Iwona Wojciechowska-Toruńska
Subject(s): Economy
Published by: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Keywords: fiscal rules; measures of the structural deficit; fiscal policy

Summary/Abstract: This paper presents new elements of fiscal rules for the EU countries in the socalled “fiscal pact”. It shows a change in fiscal policy in Poland from anti-cyclical expansionary in 2003-2004 to pro cyclical expansionary in 2010-2011 as a result of strengthening the fiscal rules. ‘Fiscal Pact’ enables sustainable fiscal policy at the national level through the introduction of a constitutional rule of the structural budget balance.

  • Issue Year: 2013
  • Issue No: 306
  • Page Range: 488-500
  • Page Count: 13
  • Language: Polish