This paper discusses the theory and practice of counter-cyclical fiscal policy to draw conclusions relevant for the fiscal architecture of the European Union. It starts by reviewing major lines of criticism on counter-cyclical fiscal policy, such as the existence of various lags, versions of...

Based on statistics provided by the Ministry of Finance and Central Statistical Office, the paper provides an analyses of the economic transition experienced by Poland paying particular attention to the fiscal policy

Based on statistics provided by the Ministry of Finance and Central Statistical Office, the paper provides an analyses of the economic transition experienced by Poland paying particular attention to the fiscal policy.