IDEAS home Printed from https://ideas.repec.org/a/aca/journl/y2021id335.html
   My bibliography  Save this article

The European Union and Italy relations in the context of supranational fscal regulation

Author

Listed:
  • D. О. Mikhalev
  • E. A. Sergeev

Abstract

The article presents a retrospective analysis of relations between the government of Italy and the European Union institutions in the context of supranational fscal regulation in 2002–2019. The authors analyze the influence of external and internal factors on the state of public fnance in Italy, note the reasons that made it difcult to meet the requirements of the Stability and Growth Pact, study the main issues on the agenda in the EU-Italy relations and their evolution. The authors also come to conclusion that unlike the earlier discussions about correcting budget defcit in Italy, current focus of supranational fscal governance is shifted to preventing it, what challenges the economic sovereignty of Italy and country’s opportunities to conduct a discretionary fscal policy.

Suggested Citation

  • D. О. Mikhalev & E. A. Sergeev, 2021. "The European Union and Italy relations in the context of supranational fscal regulation," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 3 ч. 2.
    • Handle: RePEc:aca:journl:y:2021:id:335
    DOI: 10.28995/2073-6304-2021-3-208-221
    as

    Download full text from publisher

    File URL: https://economics.rsuh.ru/jour/article/viewFile/335/310
    Download Restriction: no
    File URL: https://libkey.io/10.28995/2073-6304-2021-3-208-221?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Mr. Luc Eyraud & Vitor Gaspar & Mr. Tigran Poghosyan, 2017. "Fiscal Politics in the Euro Area," IMF Working Papers 2017/018, International Monetary Fund.
    2. Barry Eichengreen, 1992. "Is Europe an Optimum Currency Area?," Palgrave Macmillan Books, in: Silvio Borner & Herbert Grubel (ed.), The European Community after 1992, chapter 8, pages 138-161, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sandra Poncet & Jean Barthélemy, 2008. "Ampleur et déterminants des cycles d'activité en Chine," Economie & Prévision, La Documentation Française, vol. 0(4), pages 1-12.
    2. Bayoumi, Tamim & Eichengreen, Barry, 1994. "Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Economic Journal, Royal Economic Society, vol. 104(425), pages 813-827, July.
    3. Barry Eichengreen, 2000. "Saving Europe’s Automatic Stabilizers," Palgrave Macmillan Books, in: Mark Baimbridge & Brian Burkitt & Philip Whyman (ed.), The Impact of the Euro, chapter 6, pages 87-99, Palgrave Macmillan.
    4. Alban Mathieu, 2021. "Frankel and Rose’s Introduction to the Endogeneity of Optimality: A Model Limited to the European Monetary Experience," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 299-314, July.
    5. Dr.Florian Buck & Dr. Ludger Schuknecht, 2017. "Fiscal Soundness and Monetary Policy," Credit and Capital Markets, Credit and Capital Markets, vol. 50(2), pages 171-187.
    6. Tarkka, Juha & Åkerholm, Johnny, 1992. "Fiscal federalism and European monetary integration," Bank of Finland Research Discussion Papers 2/1992, Bank of Finland.
    7. Filiani, Pasquale, 2021. "Optimal monetary–fiscal policy in the euro area liquidity crisis," Journal of Macroeconomics, Elsevier, vol. 70(C).
    8. repec:hal:spmain:info:hdl:2441/5a3rl1um0d9rdbe3itnk6f8m89 is not listed on IDEAS
    9. repec:ebl:ecbull:v:6:y:2008:i:40:p:1-14 is not listed on IDEAS
    10. Thierry Warin, 2004. "Should Europe Get Rid of the Stability and Growth Pact?," Middlebury College Working Paper Series 0415, Middlebury College, Department of Economics.
    11. Luc Eyraud & Xavier Debrun & Andrew Hodge & Victor Duarte Lledo & Catherine A Pattillo, 2018. "Second-Generation Fiscal Rules; Balancing Simplicity, Flexibility, and Enforceability," IMF Staff Discussion Notes 18/04, International Monetary Fund.
    12. Campos, Nauro F. & Macchiarelli, Corrado, 2021. "The dynamics of core and periphery in the European monetary union: A new approach," Journal of International Money and Finance, Elsevier, vol. 112(C).
    13. Christos J. Paraskevopoulos, 2017. "Varieties of capitalism, quality of government, and policy conditionality in Southern Europe:Greece and Portugal in comparative perspective," GreeSE – Hellenic Observatory Papers on Greece and Southeast Europe 117, Hellenic Observatory, LSE.
    14. Frédéric Zumer, 1998. "Stabilisation et redistribution budgétaires entre régions : État centralisé, État fédéral," Post-Print hal-03458360, HAL.
    15. Cláudia Braz & Nicolas Carnot, 2019. "Euro Area Fiscal Policy Changes: Stylised Features of the Past Two Decades," European Economy - Discussion Papers 109, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    16. Khamfula, Yohane & Huizinga, Harry, 2004. "The Southern African Development Community: suitable for a monetary union?," Journal of Development Economics, Elsevier, vol. 73(2), pages 699-714, April.
    17. Ricci, Luca Antonio, 2008. "A Model of an Optimum Currency Area," Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 2, pages 1-31.
    18. Vera van Hüllen, 2013. "Political Legitimacy in a Non-optimal Currency Area," KFG Working Papers p0052, Free University Berlin.
    19. George S. Tavlas, 1993. "The ‘New’ Theory of Optimum Currency Areas," The World Economy, Wiley Blackwell, vol. 16(6), pages 663-685, November.
    20. Eichengreen, Barry, 1993. "A Marshall Plan for the East: Options for 1993," Center for International and Development Economics Research (CIDER) Working Papers 233185, University of California-Berkeley, Department of Economics.
    21. Thirion, Gilles, 2017. "European Fiscal Union: Economic rationale and design challenges," CEPS Papers 12160, Centre for European Policy Studies.
    22. Grubel, Herbert, 2005. "Small country benefits from monetary union," Journal of Policy Modeling, Elsevier, vol. 27(4), pages 509-523, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aca:journl:y:2021:id:335. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.