IDEAS home Printed from https://ideas.repec.org/a/wei/journl/v2y2012i2p225-240.html
   My bibliography  Save this article

The European Union General Budget, Policy of Stabilization and Economic Crisis

Author

Listed:
  • Maciej Cieślukowski

    (Department of Public Finance, Poznań University of Economics, Poland)

Abstract

Since the Lehman Brothers Bank has declared bankruptcy and launched the world financial crisis, many governments and international institutions have taken different actions in order to counteract negative effects of the crisis. European Union introduced the European Economic Recovery Plan for the years 2009 and 2010 and boosted the borrowing and lending operations outside the general budget. The article tries to assess the role EU general budget in countering the 2008 crisis. Before the crises and presently the EU general budget has been a weak instrument of macroeconomic stabilization policy. The borrowing and lending operations and EFSF mechanism play the crucial role in stabilization.

Suggested Citation

  • Maciej Cieślukowski, 2012. "The European Union General Budget, Policy of Stabilization and Economic Crisis," Economic Research Guardian, Weissberg Publishing, vol. 2(2), pages 225-240, December.
    • Handle: RePEc:wei:journl:v:2:y:2012:i:2:p:225-240
    as

    Download full text from publisher

    File URL: http://www.ecrg.ro/files/p2012.2(2)2y5.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Crisis; EU general budget; Function of stabilization;
    All these keywords.

    JEL classification:

    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

    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:wei:journl:v:2:y:2012:i:2:p:225-240. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Mihai Mutascu (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.