Title: Is more government debt or currency depreciation expansionary? The case of Poland
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.
Publication Year: 2017
Publication Date: 2017-09-01
Language: en
Type: article
Indexed In: ['doaj']
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Cited By Count: 2
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