The public finance sector debt and economic growth in Poland in the context of financial crisis

Abstract

Sborník příspěvků z mezinárodní vědecké konference MMK 2015 MEZINÁRODNÍ MASARYKOVA KONFERENCE PRO DOKTORANDY A MLADÉ VĚDECKÉ PRACOVNÍKY ročník VI, 14. – 18. prosince 2015 Hradec Králové, Česká republika ; The financial crisis started in 2008 has contributed to many changes in the conduct of monetary and fiscal policy in Poland and other EU countries. In many EU countries significant decline in economic growth and problems of public finance (debt growth countries) is noticeable as a result of the crisis. The aim of this article is to highlight the changes in public finances and economic growth in Poland, in the context of financial crisis. The article verifies the first hypothesis that monetary policy has impact on the fiscal policy and finally on economic growth in Poland; and the second hypothesis that during the financial crisis were noticed simultaneously worsening situation of public finances and economic growth.