IDEAS home Printed from https://ideas.repec.org/a/cbu/jrnlec/y2015v1iip147-153.html
   My bibliography  Save this article

Measuring The Structural Budget Deficit In The European Union

Author

Listed:
  • ARJOCU ANA-MARIA

    (WEST UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, TIMISOARA, ROMANIA)

  • DRONCA ALEXANDRU

    (WEST UNIVERSITY OF TIMISOARA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, TIMISOARA, ROMANIA)

Abstract

Changes to the institutional framework of the Treaty on Stability, Coordination and Governance put great emphasis on fiscal discipline in the European Union, especially for countries belonging to the Eurozone, but also for the accession countries. Surveillance of budgetary policies and the excessive deficit procedure are directions, which have to be followed, to meet debt limit and public deficit of gross domestic product, so as to fulfil fiscal and financial stability and economic integration. The objectives of this paper are to analyze, using the method of estimating the structural budget deficit, the EU Member State’s ability to fulfill the requirements of fiscal and financial stability. The findings of the scientific research and the methodology used shows the potential of the 28 member states of the European Union to fulfil the requirements for fiscal and financial stability.

Suggested Citation

  • Arjocu Ana-Maria & Dronca Alexandru, 2015. "Measuring The Structural Budget Deficit In The European Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 147-153, February.
  • Handle: RePEc:cbu:jrnlec:y:2015:v:1ii:p:147-153
    as

    Download full text from publisher

    File URL: http://www.utgjiu.ro/revista/ec/pdf/2015-01.Volumul%202/23_Arjocu%20Dronca.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Thomas Dalsgaard & Alain de Serres, 1999. "Estimating Prudent Budgetary Margins for 11 EU Countries: A Simulated SVAR Model Approach," OECD Economics Department Working Papers 216, OECD Publishing.
    2. Peter Brandner & Leopold Diebalek & Helene Schuberth, 1998. "Structural Budget Deficits and Sustainability of Fiscal Positions in the European Union," Working Papers 26, Oesterreichische Nationalbank (Austrian Central Bank).
    3. Bouthevillain, C. & Van Den Dool, G. & Langenus, G. & Mohr, M. & Momigliano, S. & Tujula, M. & De Cos, P.H. & Cour-Thimann, Philippine, 2001. "Cyclically Adjusted Budget Balances: an Alternative Approach," Papers 77, Quebec a Montreal - Recherche en gestion.
    4. Gonzalo Camba-Mendez & Ana Lamo, 2004. "Short-term monitoring of fiscal policy discipline," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 19(2), pages 247-265.
    5. Ioan Talpos & Bogdan Dima & Mihai Mutascu & Cosmin Enache, 2007. "An Empirical Analysis of the Budget Deficit," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 11(11(516)), pages 15-36, November.
    6. Robert P. Hagemann, 1999. "The Structural Budget Balance The IMF’s Methodology," IMF Working Papers 99/95, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    structural budget deficit; output gap;

    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:cbu:jrnlec:y:2015:v:1ii:p:147-153. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Ecobici Nicolae). General contact details of provider: http://edirc.repec.org/data/fetgjro.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.