Instrumenty ograniczania deficytu i długu sektora general government i ich skuteczność w państwach UE i EFTA
Instruments for Reduction of Deficit and Debt of General Government and their Effectiveness in EU and EFTA Countries

Summary/Abstract: The article presents the unpublished research results on the effectiveness of legal and institutional solutions used directly or indirectly to reduce the general government deficit and consequently the debt of this sector in the European Union and European Free Trade Association (EFTA). The analysis covers the degree of European integration (EU, EMU and Fiscal Compact), the implementation of the fiscal rules (expenditure, income, debt and balance ones) as the establishment of fiscal councils in three different periods, i.e. before the crisis (2005), during the crisis or shortly after its ending, depending on the state (2010) and several years after its ending (2015). Using Spearman’s rank correlation coefficient, it was proved that there is a positive correlation between the general government balance and the expenditure rules and the debt ones in 2005 and 2010, and between balance and establishment of fiscal councils in 2015.

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