Maciej Wysocki

Polish Academy of Sciences | PAN · Institute of Rural and Agricultural Development (IRWiR PAN)

In this article we examine the sustainability of public debt stock in terms of sol-vency in CEE countries using Ata Ozkaya's Stepwise Algorithm modified by Zivot-Andrews test to establish the level of integration variables. Such an approach allows us to examine the presence of structural breaks which occurred since the global financial crisis in th...

Poland is one of the most significant examples of a transition country in Central and Eastern Europe. After 45 years of being a centrally planned economy Poland emerged at the end of the 1980’s a free-market economy. In 2004 Poland became a member of the European Union, which was another milestone in the transition process. Undoubtedly, institution...

The past decade has witnessed an increase in populist movements across the world. Some of those movements have gained strong political support and formed populist governments promising new sets of economic and fiscal policies. This raises the pertinent policy question: how do such populist governments influence fiscal policy outcomes? We approach t...

In 2016–2019 Poland experienced a major social and fiscal policy shift: new government decreased the statutory retirement age and launched several new social programs, including the sweeping Family 500+ program under which social expenditure on family and children support increased suddenly from 1.5% to nearly 3% of GDP. Moreover, VAT gap reduction...

In response to the global crisis, a number of new institutional measures have been introduced in the fiscal framework, both on the EU and on the member states' level, and the question is: Have these measures provided better fiscal sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, whic...

The aim of this paper is to analyze fiscal sustainability in Poland after joining EU between 2004-2017. Unlike previous studies, which analyzed weak measures of fiscal sustainability, we analyze fiscal sustainability measures in the strong sense. Contrary to previous studies we estimate individual, not panel, fiscal reaction functions which allows...

In response to the global crisis a number of new institutional measures have been introduced in the fiscal framework, both on the UE and on the member states’ level, and the question is: have these measures provided better fiscal sustainability outcomes? We approach this question by looking at the evolution of fiscal sustainability in Poland, which...