The fiscal and monetary policy in countries of the economic triad and in Poland in the long period (1990–2009)

Main Article Content

Andrzej Czyżewski
Piotr Kułyk

Abstract
The process of globalization in recent years has created a new opportunity and necessity to review economic policy. This is due to a combination of factors including external pressures, the revised strategy of other states and regional trade agreements. Some of the policies of the last two decades of the twentieth century required redefinition to enhance effectiveness, and their applied solutions encountered more and more difficulties specifically due to internal and external dysfunctionality. In the article we paid attention on the changes of the option in the fiscal and monetary policy with the utilization of the pendulum model to their evaluation and also conversions in the level of the real effective exchange rate. We also presented the relationship between exchange rate and option in economics policy. The investigative period embraced years 1990–2009. Analysis that has been conducted allows us to distinguish regularities happening in the process of their adaptation to an external conditions and also has pointed to a few conclusions on solutions applied in Poland.

Article Details

How to Cite
Czyżewski, A., & Kułyk, P. (2010). The fiscal and monetary policy in countries of the economic triad and in Poland in the long period (1990–2009). Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (83), 55–70. https://doi.org/10.22630/EIOGZ.2010.83.49
References

ALTAVILLA C., 2008: The (UN-) stable relationship between the exchange rate and its fundamentals. Applied Economics Letters 15 (7), 539-544. (Crossref)

BAHMANI-OSKOOEE M., KUTAN A.M., ZHOU S., 2008: Do real exchange rates follow a non-linear mean-reverting process in developing countries? Southern Economic Journal, vol. 74 (4), 1049-1062. (Crossref)

BYERLEE D., SAIN G., 1986: Food pricing policy in developing countries: Bias against agriculture or for urban consumers? American Journal of Agricultural Economics, 68(4). (Crossref)

CZYŻEWSKI A., KUŁYK P., 2010: Relacje między otoczeniem makroekonomicznym a rolnictwem w krajach wysoko rozwiniętych i w Polsce w latach 1991-2008, Ekonomista 2.

CZYŻEWSKI A., POCZTA A., WAWRZYNIAK Ł., 2006: Interesy europejskiego rolnictwa w świetle globalnych uwarunkowań polityki gospodarczej, Ekonomista 3.

KANNAPIRAN CH.A., 2000: Commodity price stabilization: macroeconomic impacts and policy options. Agricultural Economics 23, 17-30. (Crossref)

KUTAN A.M., ZHOU S., 2008: The Enlargement of the European Union and the Behavior of Real Exchange Rates, Review of Development Economics 12(3), 550-561. (Crossref)

LEON H., NAJARIAN S., 2005: Asymmetric adjustment and nonlinear dynamics in real exchange rates. International Journal of Finance and Economics, no 10, 15-39. (Crossref)

MACDONALD R., RICCI L.A., 2007: Real exchange rates, imperfect substitutability, and imperfect competition, Journal of Macroeconomics, 29(4), 639-664. (Crossref)

SCHIFF M., VALDES A., 1998: Agriculture and the Macroeconomy, Policy Research Working Paper, The World Bank, Washington. (Crossref)

TAYLOR A.M., TAYLOR M.P., 2004: The purchasing power parity debate, Journal of Economic Perspective, no. 18, 135-158. (Crossref)

TAYLOR D.S., PHILLIPS T.P., 1991: Food-pricing policy in developing countries: Further evidence on cereal producer prices, American Journal of Agricultural Economics, 73(4). (Crossref)

VALDES E.A., 1973: Trade Policy and Its Effect on the External Agricultural Trade of Chile 1945-1965. American Journal of Agricultural Economics, 55(2), 154-211. (Crossref)

ANDERSON K., MARTIN W., VAN DER MENBRUGGHE D., 2006: Distortions to World Trade: Impacts on Agricultural Markets and Farm Incomes, Review of Agricultural Economics 28(2). (Crossref)

www.stats.oecd.org/wbes/

Statistics

Downloads

Download data is not yet available.