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. However, its foreign balance has improved over the same period, as have the terms of trade. Although changing terms of trade … as a main macroeconomic indicator. As the case of the Czech Republic shows, developments in the terms of trade should be … taken into account when assessing a country's catching-up performance. With positive terms of trade wages can increase …
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The volatility of general government tax revenues has increased in Poland in recent years. The correlation between GDP growth and revenue growth appears to be lower in Poland than in many other EU Member States, which suggests that the instability of its revenues has a different. This Country...
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National fiscal frameworks can complement the EU budgetary surveillance procedure. Poland has traditionally had a debt rule, but it did not discourage governments from running high deficits. High expenditure (mainly on social benefits) has been identified as one of the main sources of large...
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