Coordination between the Common Monetary Policy and the National Fiscal Policies – Principles, Methods and Difficulties

Socol Cristian (), Socol Aura () and Marinaº Marius ()
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Socol Cristian: Academy of Economic Studies, Bucharest
Socol Aura: Academy of Economic Studies, Bucharest
Marinaº Marius: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 1944-1948

Abstract: The European model’s entry into the third integration stage – The Economic and Monetary Union – has changed the conception of the macroeconomic policies. The „one for one” principle changed into the „one for all” principle. Within the Eurozone, all the member states can share both the benefits and also the costs of a common monetary policy, which should be combined with the national fiscal policies, elaborated by each country which is member to the Eurozone. Our research proposes an analysis of the technical difficulties in achieving the common monetary policy – national fiscal policies mix within the Eurozone.

Keywords: monetary policy; fiscal policy; Economic and Monetary Union (search for similar items in EconPapers)
JEL-codes: E61 F15 (search for similar items in EconPapers)
Date: 2011
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