Polityka stabilizacji gospodarczej w wybranych państwach EWG — próba oceny

Abstract

The main purpose of the article is to assess the efficiency of the policy of economic stabilization, carried out by the EEC member states, and to distinguish the significance of particular instruments of fiscal and monetary policy in these countries. The article consists of two parts. The first part contains the presentation of some categories of the stabilization policy as well as two models of transmitting the impulses of the stabilization policy. The first is based on Keynesian and neoclassical assumptions while the other originates from monetaristic conceptions. The above models indicated main instruments of the stabilization policy, analysed in the second part of the article. The analysis has been carried out by means of the multistage regression method and the degree of "kindness" of correlation of equations has been measured by the corrected determination coefficient R2. The results of the analysis point out to: — the diversified character of national functions of reaction, — the stabilizing influence of the European Monetary System, — the eclectic character of methods applied in the stabilization policy by the governments of the EEC member states.