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2011 | nr 85 Polityka gospodarcza w świetle kryzysowych doświadczeń | 77--116
Tytuł artykułu

Reakcja polityki fiskalnej na kryzys finansowy

Warianty tytułu
Reaction of Fiscal Policy to Financial Crisis
Języki publikacji
Celem opracowania jest ocena z perspektywy teoretycznej reakcji polityki fiskalnej na kryzys finansowy 2007 r. Za jej zasadniczy mankament uznano brak oceny długookresowych skutków interwencji, przy niepewnych efektach doraźnych. Kryzys stał się usprawiedliwieniem dla polityki publicznej, która jest nieprzemyślana, służy politykom lub innym interesom prywatnym. Niewłaściwe było finansowanie inwestorów kosztem podatników, szczególnie przy braku poparcia społecznego. Rolą rządu powinno być zapewnienie należytego funkcjonowania systemu finansowego, a nie jego ratowanie w przypadku trudności, przy pomocy niejasnych uregulowań działań dyskrecjonalnych. (abstrakt oryginalny)
The objective of this research paper is to assess the reaction of fiscal policy to the 2007 financial crisis from theoretical perspective. The lack of long-term effects of the intervention along with uncertain temporary outcome were both considered a weakness of the fiscal policy. The crisis has become justification of unthoughtful public policy that serves politicians or other private interests. Bailing - out investors at the expense of taxpayers, notably with no social support is considered inappropriate. The role of the government should be ensuring the proper functioning of financial system and not rescuing it in case of difficulties by means of unclear rules of discretion policy. (original abstract)
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