The economic recession of 2007-2009 proved to be a difficult period for most European economies. Poland was among the … consumption in Poland did not collapse during the economic recession through the substantial economic literature on this topic …. The study compared Spain, Hungary and Poland from 2007 to 2009 to find differences specific to the latter. The most …

) prone to macroeconomic booms and busts and, secondly, to empirically assess the risk of a boom-bust cycle in Poland after … then use the estimated equations to assess the probability of booms and busts in Poland over the period 2004 to 2009. Our … the reverse holds for busts. In turn, our results for Poland are inconclusive, which probably means that the models …