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Nominal Convergence Criteria And Europe 2020 Strategy: Convergent Or Divergent Objectives?

Author

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  • AILINCA, Alina Georgeta

    (“Victor Slăvescu” Centre for Financial and Monetary Research, Romanian Academy)

Abstract

Sustainable development is a major subject of discussions worldwide and especially in the European Union. A lot of studies, papers, reports had analyzed the subject of sustainable development and many of the indicators of sustainable development have been transposed in public policies objectives. The Europe 2020 Strategy is such of programmatic document, which contains some of the sustainable development indicators. Though is recognised that supporting economic growth, environmental protection and employment are important, in Europe and whole around the world, fiscal disequilibria and monetary issues seem to come first, as is the case with nominal convergence criteria for the countries in acceding process to the euro area. Thus, this article tries to analyse to what extent Nominal Convergence Criteria affects the sustainable development indicators and especially Europe 2020 targets and what can be done to mitigate the possible conflict between their objectives.

Suggested Citation

  • AILINCA, Alina Georgeta, 2014. "Nominal Convergence Criteria And Europe 2020 Strategy: Convergent Or Divergent Objectives?," Journal of Financial and Monetary Economics, Centre of Financial and Monetary Research "Victor Slavescu", vol. 1(1), pages 56-65.
    • Handle: RePEc:vls:rojfme:v:1:y:2014:i:1:p:56-65
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    References listed on IDEAS

    as
    1. Lojschová, Adriana, 2003. "Estimating the Impact of the Balassa-Samuelson Effect in Transition Economies," Economics Series 140, Institute for Advanced Studies.
    2. John Lewis & Karsten Staehr, 2007. "The Maastricht inflation criterion : what is the effect of expansion of the European Union ?," Bank of Estonia Working Papers 2007-11, Bank of Estonia, revised 14 Sep 2007.
    3. John Lewis & Karsten Staehr, 2007. "The Maastricht inflation criterion : what is the effect of expansion of the European Union ?," Bank of Estonia Working Papers 2007-11, Bank of Estonia, revised 14 Sep 2007.
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    More about this item

    Keywords

    nominal convergence; Europe 2020; employment rate; education;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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