Theoretical and Applied Economics
No. 3 / 2017 (612), Autumn
Is more government debt or currency depreciation expansionary? The case of Poland
Yu HSING
Southeastern Louisiana University, Hammond, USA
Southeastern Louisiana University, Hammond, USA
Abstract. This paper finds that Poland’s aggregate output is positively associated with the government debt-to-GDP ratio, the real effective exchange rate during 2002.Q4-2007.Q3, the real stock price and the real oil price and negatively impacted by the real effective exchange rate during 2007.Q4-2016.Q4, the real interest rate and the expected inflation rate. Hence, the current level of the debt-to-GDP ratio is sustainable, and real depreciation may be contractionary or expansionary depending upon the time period under consideration.
Keywords: government debt, real appreciation or depreciation, stock prices, oil prices.
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Contents
- The European Union's strategy for increasing the living conditions of the population in the member states
Constantin ANGHELACHE
Mădălina Gabriela ANGHEL
- Does institutional environment
affect the economic development?
Evidence from selected CEE countries
Lejla TERZIĆ
- Causality between economic policy uncertainty and exchange
rate in China with considering quantile differences
Yin DAI
Jing-wen ZHANG
Xiu-zhen YU
Xin LI
- What impact has free trade area on economies of ASEAN-5 countries?
Abidin ÖNCEL
Raisal Fahrozi LUBİS
- Hard currency inflows and sterilization policy in Algeria:
An ARDL approach
Aissa DJEDAIET
Hicham AYAD
- Evaluating Indian economy’s vulnerability
to currency crisis
Mohana Rao BALAGA
Puja PADHI
- Does fiscal policy spur economic growth?
Empirical evidence from Algeria
Amal MATALLAH
Siham MATALLAH
