Republic of Poland: Selected Issues

July 23, 2013

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Format: Chicago

Republic of Poland: Selected Issues, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This Selected Issues paper on the Republic of Poland constructs a financial conditions index for Poland to explore the link between financial conditions and real economic activity. Measures to contain the fiscal deficit in the aftermath of the global financial crisis led to a reduction in the headline deficit from 7.9 percent of GDP in 2010 to 3.9 percent in 2012. The authorities plan to implement a permanent fiscal rule. This would complement existing public debt limits, which have proven useful but insufficient in the past. Regarding mechanism design, the authorities have expressed their preference for a simple expenditure rule, on grounds of transparency, predictability, and ease of implementation across budgetary units.

Subject: Econometric analysis, Expenditure, Fiscal consolidation, Fiscal policy, Medium taxpayer office, Public debt, Revenue administration, Revenue performance assessment, Tax gap, Vector autoregression

Keywords: Constructed FCI, Correlation expenditure Policy Gap-output gap, CR, Europe, FCI weight, Financial conditions index, Fiscal consolidation, Forecasting property, GDP growth, GG expenditure, Global, ISCR, Medium taxpayer office, Output gap, Tax gap, Vector autoregression

Publication Details

Pages:

36
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/220
Stock No:

1POLEA2013003
ISBN:

9781484364666
ISSN:

1934-7685

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