The Rapid Response Instrument (RRI, Polish acronym ISR) is a modern tool of economic policy or, in a broader sense, a tool in the domain of public policies concerned with short-term operational activities. It is an instrument expressly designed to undertake focused public interventions, which, under certain conditions, seek to prevent the negative effects of economic downturns related, in particular, to the risk of bankruptcy faced by a significant number of major enterprises.
Contemporary economic policy (indeed any public policy) must be carried out simultaneously along several spatial and temporal dimensions. Authorities that implement such policies must be able to recognize the fact that the developments in question occur simultaneously along those dimensions and to respond appropriately. Certain important phenomena in the economy occur instantaneously, such as huge cash flows, while others take an epoch, such as climate change. Some appear locally, while others have a global reach.
Part I. Bankruptcy – the concept, its measurement, causes and effects
Part II. Bankruptcy vs. social policy
Part III. Models of the Rapid Response Instrument
Part IV. Medium-term bankruptcy risk in the Polish economy – forecasts and recommendations