EVOLUTION OF FISCAL POLICY IN TRANSFORMATION ECONOMIES

Roman Kopych

Authors

Roman Kopych LNU

Keywords:

Fiscal policy, budget balance, euro integration, government debt, optimization of intertemporal consumption.

Abstract

This paper analyses problems in the fiscal policy of the Eastern European countries from the period 1990-2003. Different stages can be interpreted in Eastern European countries' fiscal policy during the course of accession to the EU. Distinct features of the worsening of budget balance in the eve of the entry to the European Union in Poland, Hungary and the Czech Republic are accentuated. The effects of domestic and external factors upon the budget balance are empirically tested.

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