Fiscal transparency and policy rules in Poland

Rafal Benecki, Jens Hölscher and Mariusz Jarmuzek
Additional contact information
Rafal Benecki: ING Bank and Queen Mary College, University of London
Jens Hölscher: Brighton Business School, University of Brighton
Mariusz Jarmuzek: CASE and Queen Mary College, University of London
Authors registered in the RePEc Author Service: Jens Hölscher

No 65, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: This paper assesses the current stance and desirable progress in the implementation of fiscal transparency and rules in Poland. An index of transparency based on Report on the Observance of Standards and Codes (ROSC), with some modifications, is also constructed in this paper, followed by proposals for making transparency and fiscal rules more efficient within Poland's fiscal policy. This study attempts to answer the following questions: Firstly, to what extent is fiscal policy transparent in the context of the standards set by the EU's regulations and the IMF's ROSC? Secondly, have the fiscal rules adopted by Poland proved to be successful in establishing fiscal policy discipline? Finally, what still needs to be changed to make both transparency and fiscal rules more efficient for the conduct of fiscal policy? To set the work in context we also provide an overview of recent advances in both the theoretical and empirical literature on fiscal transparency and rules.

Pages: 31 pages
Date: 2006-06
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Working Paper: Fiscal Transparency and Policy Rules in Poland (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:65

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