Crisis Averted: Navigating Fiscal Policy Instruments in Member States on the Example of the Covid-19 Pandemic

Waldemar Szymanski, Monika Szczerbak and Malgorzata Ozieblo

European Research Studies Journal, 2023, vol. XXVI, issue 3, 556-569

Abstract: Purpose: The primary objective of this paper is to assest the impact of the applied anti-crisis fiscal policy instruments (on the example of the Covid 19 pandemic) on the budgetary policy of selected Member States. Design/methodology/approach: A critical analysis of the literature and a quantitative method were used. Statistical data for the period 2012-2021 were used, affecting the adopted anti-crisis solutions on the tax policy of Austria, Belgium, the Czech Republic, Lithuania, Germany, Slovakia, Italy and Poland. Findings: It was shown that the applied tax intervention was ad hoc and did not affect the tax policy of the surveyed countries. The main objective of the introduced solutions was to defer tax burdens, which had no long-term impact on both the level of tax burdens and the economic structure of taxation (capital, labour, consumption). It has been proven that the taxes most suitable for the implementation of the anti-crisis tax policy are direct taxes. Practical implications: The added value of the article are the conclusions that can be used by governments in developing more flexible and effective tax policies to minimize the negative effects of subsequent crises. Originality/value: The article can also be a starting point for a discussion on different approaches to pandemic crisis management, help to understand different perspectives and develop solutions for the future.

Keywords: Tax system; crisis management; tax base; anti-crisis fiscal policy; economic crisis; direct taxes; indirect taxes. (search for similar items in EconPapers)
JEL-codes: G38 H12 H25 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ersj.eu/journal/3231/download (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxvi:y:2023:i:3:p:556-569

Access Statistics for this article

More articles in European Research Studies Journal from European Research Studies Journal
Bibliographic data for series maintained by Marios Agiomavritis ().