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Integrarea fiscala in statele membre ale Uniunii Europene

Author

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  • Albu, Ada Cristina

    (Institutul National de Cercetari Economice al Academiei Romane)

Abstract

The Member States of the European Union apply common fiscal policies based on the regulations laid down in European Treaties. Fiscal policies are implemented at national level, and the lack of a Fiscal Union makes it difficult to achieve a coordination between EU states. A centralized fiscal capacity could offer support through a common budget, which will finance states that need borrowing in case of excessive increase in public debt or budget deficits. Risk-sharing mechanisms at European level involve the implementation of centralized aid schemes that can help states in the event of symmetric or asymmetric shocks to GDP growth rate. EU countries have to complete the Economic and Monetary Union with a Fiscal Union, in order to achieve more economic integration and a greater capacity to cope with economic crises.

Suggested Citation

  • Albu, Ada Cristina, 2022. "Integrarea fiscala in statele membre ale Uniunii Europene," Studii Economice 221213, Institutul National de Cercetari Economice (INCE).
    • Handle: RePEc:ror:seince:221213
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    More about this item

    Keywords

    fiscal integration; Fiscal Union; public risk-sharing;
    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
    • H60 - Public Economics - - National Budget, Deficit, and Debt - - - General
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods

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