Description

• Title:
  Policy mix in the context of the competitiveness of the Polish economy
• Creator:
  Stawska, Joanna;
  Grzesiak, Lena
• Contributor:
  Conference Guarantors, Reviewers;
  University of Lodz, Faculty of Economics and Sociology, Department of Central Banking and Financial Intermediation;
  joanna.stawska@uni.lodz.pl
• Description:
  Monetary policy and fiscal policy have instruments to adjust the market mechanism. This combination is called policy mix 1 . Coordination of monetary policy and fiscal policy has special importance in emergency (crisis) conditions, although it is equally important in a stable economic situation of the country. Policy mix is also a common topic of many works on state strategies used to stimulate or stabilize 2 the economy and thus "create" competitive conditions for economic development. As Kuttner emphasizes, the combination in the IS-LM model is less crucial, but the overall level of aggregate demand is important and it can be shaped by fiscal policy, monetary policy or a combination of both policies, monetary and fiscal ones 3 . Proper monetary and fiscal policy conditions can have a significant positive impact on the country's economic development, as it is possible to stabilize and "improve" macroeconomic indicators. These indicators can influence the competitiveness of a given economy as a result of coordination of monetary and fiscal policy. The coordination of both policies contributes to greater stability of the financial system. Hence, the purpose of this article is to characterize selected macroeconomic indicators from the policy mix in the context of the competitiveness of the Polish economy.;
  The aim of the article is to characterise selected macroeconomic indicators from the policy mix area in the context of the competitiveness of the Polish economy. In order to achieve this aim, the following research methods are used: a review of the literature and statistical analysis method. The study includes an analysis of macroeconomic data for the years 2000-2016 on the policy mix and the competitiveness of the Polish economy. The results of the conducted analysis indicate that in the discussed period there was a statistically significant correlation between monetary and fiscal policy indicators in the background of improving indicators measuring the competitiveness of the Polish economy.
• Object availability:
  free access
• Rights: http://creativecommons.org/licenses/by-nc/3.0/pl ;
  Uznanie autorstwa-Użycie niekomercyjne 3.0 Polska;
  Magnanimitas
• Date:
  2018.01.08;
  2017.12.31
• Type:
  Book chapter
• Language:
  English
• Format:
  application/pdf
• Publisher:
  Magnanimitas
• Relation:
  International Masaryk Conference for Ph.D. Students and Young Researchers MMK 2017;vol. VIII
• Subject:
  policy mix;
  competitiveness of the economy;
  Polish economy
• Identifier:
  Grzesiak L., Stawska J., Policy mix in the context of the competitiveness of the Polish economy, International Masaryk Conference for Ph.D. Students and Young Researchers MMK 2017, 18-20 December 2017, Hradec Kralove, The Czech Republic, pp. 324 - 335;
  978-80-87952-22-1;
  http://hdl.handle.net/11089/23856
• Data provider:
  Repozytorium Uniwersytetu Łódzkiego
• Can I use it?:
  seek permission
• Type:
  text