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Common Fiscal Policy

Author

Listed:
  • Gabriel Mursa

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

The purpose of this article is to demonstrate that a common fiscal policy, designed to support the euro currency, has some significant drawbacks. The greatest danger is the possibility of leveling the tax burden in all countries. This leveling of the tax is to the disadvantage of countries in Eastern Europe, in principle, countries poorly endowed with capital, that use a lax fiscal policy (Romania, Bulgaria, etc.) to attract foreign investment from rich countries of the European Union. In addition, common fiscal policy can lead to a higher degree of centralization of budgetary expenditures in the European Union.

Suggested Citation

  • Gabriel Mursa, 2014. "Common Fiscal Policy," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 6(2a), pages 141-149, August.
    • Handle: RePEc:jes:wpaper:y:2014:v:6:i:2a:p:141-149
    as

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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2014_VI2A_MUR.pdf
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    References listed on IDEAS

    as
    1. Carlo Cottarelli, 2013. "European Fiscal Union: A Vision for the Long Run," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 149(II), pages 167-174, June.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    common fiscal policy; foreign investment; taxes; public expenditure Romania;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory

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