Institutions and Instruments of Fiscal Policy in the European Monetary Union

Aniºoara Niculina Apetri (), Gheorghe Morosan () and Ana Maria Hlaciuc ()
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Aniºoara Niculina Apetri: „ªtefan cel Mare” University of Suceava, Economic and Public Administration Faculty
Gheorghe Morosan: „ªtefan cel Mare” University of Suceava, Economic and Public Administration Faculty
Ana Maria Hlaciuc: „ªtefan cel Mare” University of Suceava, Economic and Public Administration Faculty

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 87-92

Abstract: The European Monetary Union (EMU) represents besides applying a common monetary policy but also coordinating the economic and fiscal policies. We intended through this study to achieve a synthetic presentation of the main issues with regard to fiscal policy, to fiscal policy rules stipulated in the treaties of the European Monetary Union, and to the use of fiscal policy as an instrument of public policy in the stabilization process of economic cycles within the European Monetary Union and the adjustment process of the macroeconomic indicators.

Keywords: European Union; fiscal policy; Stability and Growth Pact; excesive deficit. (search for similar items in EconPapers)
JEL-codes: F36 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:87-92

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