IDEAS home Printed from https://ideas.repec.org/a/sgh/gosnar/y2021i4p83-102.html
   My bibliography  Save this article

Reakcja Unii Europejskiej na COVID-19 jako wypełnienie braków w konstrukcji Europejskiej Unii Gospodarczej i Walutowej

Author

Listed:
  • Mateusz Szczurek

Abstract

Europejski Instrument na rzecz Odbudowy i Zwiększania Odporności (RRF) wraz z instrumentem tymczasowego wsparcia w celu zmniejszenia zagrożeń związanych z bezrobociem w sytuacji nadzwyczajnej (SURE) stanowią znaczącą próbę wypełnienia istotnej luki w konstrukcji Europejskiej Unii Gospodarczej i Walutowej (EUGiW). Artykuł pokazuje znaczenie i potrzebę wspólnego mechanizmu fiskalnego dla funkcjonowania EUGiW oraz wskazuje, dlaczego trudne będzie odejście od tymczasowości zaproponowanych elementów. Problemy te czynią implementację RRF istotną nie tylko dla odbudowy gospodarki po pandemii COVID-19, ale także dla dalszej stabilności strefy euro i Unii Europejskiej (UE). Porażka wdrożenia RRF oznaczać będzie konieczność utrzymywania bardziej konserwatywnej polityki fiskalnej w czasach koniunktury, gdyż to krajowa polityka fiskalna pozostanie kluczowym elementem zastępującym ograniczoną rolę unijnych mechanizmów stabilnościowych przy wstrząsach asymetrycznych.

Suggested Citation

  • Mateusz Szczurek, 2021. "Reakcja Unii Europejskiej na COVID-19 jako wypełnienie braków w konstrukcji Europejskiej Unii Gospodarczej i Walutowej," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 83-102.
  • Handle: RePEc:sgh:gosnar:y:2021:i:4:p:83-102
    as

    Download full text from publisher

    File URL: https://gnpje.sgh.waw.pl/pdf-143262-71079
    File Function: Full text
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Alan J. Auerbach & Yuriy Gorodnichenko, 2012. "Measuring the Output Responses to Fiscal Policy," American Economic Journal: Economic Policy, American Economic Association, vol. 4(2), pages 1-27, May.
    2. Beetsma, Roel M. W. J. & Bovenberg, A. Lans, 1999. "Does monetary unification lead to excessive debt accumulation?," Journal of Public Economics, Elsevier, vol. 74(3), pages 299-325, December.
    3. Ruben V Atoyan & Lone Engbo Christiansen & Allan Dizioli & Christian H Ebeke & Nadeem Ilahi & Anna Ilyina & Gil Mehrez & Haonan Qu & Faezeh Raei & Alaina P Rhee & Daria V Zakharova, 2016. "Emigration and Its Economic Impact on Eastern Europe," IMF Staff Discussion Notes 16/7, International Monetary Fund.
    4. Beblavý, Miroslav & Lenaerts, Karolien & Maselli, Ilaria, 2017. "Design of a European Unemployment Benefit Scheme," CEPS Papers 12263, Centre for European Policy Studies.
    5. European Fiscal Board (EFB), 2019. "Assessment of EU fiscal rules with a focus on the six and two-pack legislation," Reports 2019, European Fiscal Board.
    6. Beetsma, Roel & Cima, Simone & Cimadomo, Jacopo, 2018. "A minimal moral hazard central stabilisation capacity for the EMU based on world trade," CEPR Discussion Papers 12600, C.E.P.R. Discussion Papers.
    7. Angelo Baglioni & Andrea Boitani & Massimo Bordignon, 2016. "Labor Mobility and Fiscal Policy in a Currency Union," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 72(4), pages 371-406, December.
    8. Avgouleas, Emilios & Micossi, Stefano, 2021. "On selling sovereigns held by the ECB to the ESM: Institutional and economic policy implications," CEPS Papers 32673, Centre for European Policy Studies.
    9. Robert C. M. Beyer & Frank Smets, 2015. "Editor'S Choice Labour market adjustments and migration in Europe and the United States: how different?," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 30(84), pages 643-682.
    10. repec:spo:wpmain:info:hdl:2441/4qcei72ijt9qco0d0fp1ak47b7 is not listed on IDEAS
    11. Bayoumi, Tamim & Goldstein, Morris & Woglom, Geoffrey, 1995. "Do Credit Markets Discipline Sovereign Borrowers? Evidence from the U.S. States," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 27(4), pages 1046-1059, November.
    12. Béranger, Adrien & Scialom, Laurence, 2015. "Banking union: Mind the gaps," International Economics, Elsevier, vol. 144(C), pages 95-115.
    13. Jakob von Weizsäcker, 2011. "Eurobonds- The blue bond concept and its implications," Bruegel Policy Contributions 509, Bruegel.
    14. Mr. Ruben V Atoyan & Lone Engbo Christiansen & Allan Dizioli & Mr. Christian H Ebeke & Mr. Nadeem Ilahi & Ms. Anna Ilyina & Mr. Gil Mehrez & Mr. Haonan Qu & Ms. Faezeh Raei & Ms. Alaina P Rhee & Ms. D, 2016. "Emigration and Its Economic Impact on Eastern Europe," IMF Staff Discussion Notes 2016/007, International Monetary Fund.
    15. European Fiscal Board (EFB), 2020. "2020 annual report of the European Fiscal Board," Annual reports 2020, European Fiscal Board.
    16. Micossi, Stefano, 2016. "Balance-of-Payments Adjustment in the Eurozone," CEPS Papers 11250, Centre for European Policy Studies.
    17. Helge Berger & Giovanni Dell’Ariccia & Maurice Obstfeld, 2019. "Revisiting the Economic Case for Fiscal Union in the Euro Area," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 67(3), pages 657-683, September.
    18. Alcidi, Cinzia & D’Imperio, Paolo & Thirion, Gilles, 2023. "Risk-sharing and consumption-smoothing patterns in the US and the Euro Area: A comprehensive comparison," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 58-69.
    19. Buti, Marco & Giudice, Gabriele & Leandro, José (ed.), 2020. "Strengthening the Institutional Architecture of the Economic and Monetary Union," Vox eBooks, Centre for Economic Policy Research, number p331.
    20. repec:hal:spmain:info:hdl:2441/4qcei72ijt9qco0d0fp1ak47b7 is not listed on IDEAS
    21. European Fiscal Board (EFB), 2018. "Assessment of the fiscal stance appropiate for the euro area in 2019," Reports 2018, European Fiscal Board.
    22. Messori, Marcello & Micossi, Stefano, 2018. "Counterproductive Proposals on Euro Area Reform by French and German Economists," CEPS Papers 13438, Centre for European Policy Studies.
    23. Olivier Blanchard, 2007. "Adjustment within the euro. The difficult case of Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 6(1), pages 1-21, April.
    24. European Fiscal Board (EFB), 2017. "Assessment of the prospective fiscal stance appropiate for the euro area," Reports 2017, European Fiscal Board.
    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. Dolls, Mathias, 2024. "An unemployment re-insurance scheme for the eurozone? Stabilizing and redistributive effects," European Economic Review, Elsevier, vol. 170(C).
    2. Bofinger, Peter & Feld, Lars P. & Schmidt, Christoph M. & Schnabel, Isabel & Wieland, Volker, 2018. "Vor wichtigen wirtschaftspolitischen Weichenstellungen. Jahresgutachten 2018/19 [Setting the Right Course for Economic Policy. Annual Report 2018/19]," Annual Economic Reports / Jahresgutachten, German Council of Economic Experts / Sachverständigenrat zur Begutachtung der gesamtwirtschaftlichen Entwicklung, volume 127, number 201819, September.
    3. Nicoletta Batini & Francesco Lamperti & Andrea Roventini, 2020. "Reducing risk while sharing it: a fiscal recipe for the EU at the time of COVID-19," SciencePo Working papers Main hal-04090084, HAL.
    4. Mihaela Simionescu & Yuriy Bilan & Grzegorz Mentel, 2017. "Economic Effects of Migration from Poland to the UK," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(46), pages 757-757, August.
    5. Massimo Amato & Everardo Belloni & Paolo Falbo & Lucio Gobbi, 2021. "Europe, public debts, and safe assets: the scope for a European Debt Agency," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 38(3), pages 823-861, October.
    6. Gómez-Puig, Marta & Sosvilla-Rivero, Simón, 2013. "Granger-causality in peripheral EMU public debt markets: A dynamic approach," Journal of Banking & Finance, Elsevier, vol. 37(11), pages 4627-4649.
    7. Babucea Ana-Gabriela, 2016. "Analysis Of The Temporary Emigration At The Level Of South - West Oltenia Region Of Romania - Study Of Case: The Young Adult," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 13-18, December.
    8. Ginters Bušs & Patrick Grüning & Oļegs Tkačevs, 2024. "Choosing the European fiscal rule," Baltic Journal of Economics, Baltic International Centre for Economic Policy Studies, vol. 24(1), pages 116-144.
    9. Christian Alexander Belabed & Mariya Hake, 2018. "Income inequality and trust in national governments in Central, Eastern and Southeastern Europe," Working Papers 222, Oesterreichische Nationalbank (Austrian Central Bank).
    10. Paul Masson & Catherine Pattillo, 2002. "Monetary Union in West Africa: An Agency of Restraint for Fiscal Policies?," Journal of African Economies, Centre for the Study of African Economies, vol. 11(3), pages 387-412, September.
    11. Mr. Alberto Behar & Ramin Hassan, 2022. "The Current Account Income Balance: External Adjustment Channel or Vulnerability Amplifier?," IMF Working Papers 2022/106, International Monetary Fund.
    12. Heikki Oksanen, 2019. "Reforming the Euro Pragmatically: Towards Sustainable Fiscal Policy and a Revamped Eurosystem," CESifo Working Paper Series 7912, CESifo.
    13. Bonin, Holger & Krause-Pilatus, Annabelle & Rinne, Ulf & Brücker, Herbert, 2020. "Wirtschaftliche Effekte der EU-Arbeitskräftemobilität in den Ziel- und Herkunftsländern," IZA Research Reports 102, Institute of Labor Economics (IZA).
    14. Franc Sanja & Časni Anita Čeh & Barišić Antea, 2019. "Determinants of Migration Following the EU Enlargement: A Panel Data Analysis," South East European Journal of Economics and Business, Sciendo, vol. 14(2), pages 13-22, December.
    15. Roel Beetsma & Simone Cima & Jacopo Cimadomo, 2021. "Fiscal Transfers without Moral Hazard?," International Journal of Central Banking, International Journal of Central Banking, vol. 17(3), pages 95-153, September.
    16. Anca Mehedintu & Georgeta Soava & Mihaela Sterpu, 2019. "Remittances, Migration and Gross Domestic Product from Romania’s Perspective," Sustainability, MDPI, vol. 12(1), pages 1-19, December.
    17. John Moffat & Duncan Roth, 2017. "Cohort size and youth labour-market outcomes in Europe," Economics Bulletin, AccessEcon, vol. 37(4), pages 2735-2740.
    18. Simionescu Mihaela, 2018. "The Impact of European Economic Integration on Migration in the European Union," HOLISTICA – Journal of Business and Public Administration, Sciendo, vol. 9(1), pages 23-34, May.
    19. Daniela Bobeva & Dimitar Zlatinov & Eduard Marinov, 2019. "Economic Aspects of Migration Processes in Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 55-88.
    20. Anna Katharina Raggl, 2017. "Migration intentions in CESEE – a descriptive analysis," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q4/17, pages 52-69.

    More about this item

    Keywords

    UE; polityka fiskalna; stabilizacja makroekonomiczna; Unia Gospodarcza i Walutowa; ekonomia polityczna;
    All these keywords.

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

    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:sgh:gosnar:y:2021:i:4:p:83-102. 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: Grzegorz Konat (email available below). General contact details of provider: https://edirc.repec.org/data/sgwawpl.html .

    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.