Ekonomiczne i społeczne skutki długu publicznego

• Autorzy: Małgorzata Gajda

Warianty tytułu

The Economic and Social Consequences of Public Debt

• Języki publikacji: PL

Abstrakty

Brak do tej pory jednolitego stanowiska na temat wpływu długu publicznego na gospodarkę. W artykule omówiono dwa podejścia w tej kwestii: "konwencjonalne", czyli keynesowskie w krótkim i klasycznie długim okresie; oraz oparte na teorii neutralności długu publicznego.

EN

This article presents the most frequently cited views on the consequences of public debt, i.e., so-called conventional views as well as "Ricardian equivalence". As far as the conventional views are concerned, the author presents two opposing positions, namely the Keynesian one in the short term and the Classical one in the long term. According to the former approach, increasing the budget deficit and public debt is not harmful to the economy. Indeed, it even brings benefits, particularly in a situation where production capacities are not fully used. The advocates of the Classical approach, on the other hand, regard the achievement of a balanced budget and limiting public debt as absolute necessities, as they have a negative impact on the economy, particularly due to the crowing out effect and the excessive burden placed on future generations."Ricardian equivalence", in turn, speaks of the neutrality of public debt, which means that it is not important what type of economic policy is pursued by the government, as it will not affect the level of current consumption, the rate of capital accumulation or the rate of economic growth. The author discusses the chief arguments for and against the views endorsed by the various schools. She also presents the results of empirical research on the impact of budget deficits and public debt on key macroeconomic variables. (original abstract)

Słowa kluczowe

PL

Dług publiczny; Analiza piśmiennictwa ekonomicznego; Finanse publiczne; Badanie zjawisk ekonomicznych; Deficyt budżetowy; Równoważność ricardiańska

EN

Public debt; Economic literature analysis; Public finance; Economic phenomenon research; Budget deficit; Ricardian equivalence

• Czasopismo: Zeszyty Naukowe / Akademia Ekonomiczna w Krakowie
• Rocznik: 2003
• Numer: nr 635
• Strony: 5--25

Twórcy

autor

Małgorzata Gajda

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