Eckhard Hein (2020/3, Book Reviews,
Jerzy Osiatyński (2016/1, In memoriam,
Kazimierz Łaski, Jerzy Osiatyński (2013/1, Articles,
Consolidation of Public Finance and the Euro Crisis
The authors see the roots of the present euro-zone crisis in three pillars of market fundamentalism on which the construction of the European Economic and Monetary Union is founded: 1) separation of a common monetary policy from national fiscal policies of individual member countries; 2) the goal of government budget equilibrium which is believed to provide macroeconomic stability of each (...)
Kazimierz Łaski, Jerzy Osiatyński, Jolanta Zięba (2010/6, Articles,
Factors of GDP Growth in Poland and the Czech Republic in 2009
First, the concept of public expenditure multiplier is redefined to allow for import intensity of exports, and its value is estimated for Poland and the Czech Republic in 2008–2009. Next, on the basis of effective demand model of economic dynamics, there follows a comparative analysis of GDP dynamics in the two countries in 2008-09 and of the factors that in 2009 made the rate of GDP growth (...)