Economic Policies Of The European Union – Concordance Or Discordance?

Rositsa Prodanova and Dimitar Kostov
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Rositsa Prodanova: D. A. Tsenov Academy of Economics
Dimitar Kostov: D. A. Tsenov Academy of Economics

Economic Archive, 2022, issue 1 Year 2022, 44-53

Abstract: The series of severe global and regional crises of various nature in recent decades, as well as the erratic success of the various anti-crisis measures undertaken by the European Union raise the issue of examining the concordance among the Union's economic policies. This study examines the coordination between EU’s monetary and fiscal policy to reveal that it is weak, which can be attributed to some crisis resolution shortcomings. The reasons for this incoherence can be found both in the institutional structure of the European financial institutions and in some rigid strategies of the Union (unwillingness to pursue a common fiscal policy, frugal budget spending policies, etc.)

Keywords: monetary and fiscal policy; coordination; anti-crisis policy; financial crises (search for similar items in EconPapers)
JEL-codes: F36 G01 G28 H7 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:dat:earchi:y:2022:i:1:p:44-53

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