Integrarea fiscala in statele membre ale Uniunii Europene

Ada Cristina Albu
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Ada Cristina Albu: Institutul National de Cercetari Economice al Academiei Romane

Studii Economice from Institutul National de Cercetari Economice (INCE)

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.

Keywords: fiscal integration; Fiscal Union; public risk-sharing (search for similar items in EconPapers)
JEL-codes: E63 H60 H87 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2022-12
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Persistent link: https://EconPapers.repec.org/RePEc:ror:seince:221213

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