Sunday, April 26, 2009

My quote in the Economist article on the Polish economy

The article argues that Polish economy is in a better shape that other countries in the region, but that it doesn't mean that the authorities should be complacent. I am quoted as saying that the government has "brilliant PR", but doesn't really do much to help the economy.

What I am not quoted on is what I have written about in my articles in the Polish edition of Wall Street Journal: monetary policy doesn't work, fiscal policy is procyclical (by cutting public expenditure makes the crisis worse) and there are no structural reforms to speak of (except for last year's big change in the early retirement benefits - here congratulations are due). More on this topic soon.

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