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dc.contributor.authorWłodarczyk, Przemysław
dc.description.abstractThe article investigates the sustainability of fiscal policies of the Visegrad Group countries (Poland, Czech Republic, Hungary and Slovakia) in the years 1996- 2015 using statistical and econometric analysis methods. Special attention is given to the identification of subperiods of low sustainability within the framework of the Markov switching cointegration model. The results of the research show that the global economic crisis had little effect on the fiscal stance of the analysed countries, because their expansionary, countercyclical fiscal policies were promptly replaced by more restrictive policies. However, further improvements in fiscal discipline are needed to ensure sufficient space for fiscal reaction in the futurepl_PL
dc.description.sponsorshipMinistry of Science and Higher Education grant B1611200001255.02.pl_PL
dc.publisherFaculty of Economics and Sociology of the University of Lodzpl_PL
dc.relation.ispartofseriesLodz Economics Working Papers;2
dc.rightsUznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska*
dc.subjectfiscal policypl_PL
dc.subjectfiscal sustainabilitypl_PL
dc.subjectVisegrad Grouppl_PL
dc.subjecteconomic crisis,pl_PL
dc.subjectMarkov switching cointegrationpl_PL
dc.titleFiscal sustainability of the Visegrad Group countries in the aftermath of global economic crisispl_PL
dc.typeWorking Paperpl_PL
dc.contributor.authorAffiliationFaculty of Economics and Sociology, University of Lodzpl_PL
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Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska
Except where otherwise noted, this item's license is described as Uznanie autorstwa-Użycie niekomercyjne-Bez utworów zależnych 3.0 Polska