Fiscal federalism as a solution for the eurozone problems (Federalizm fiskalny jako rozwi¹zanie problemów gospodarczych strefy euro )

Tomasz Rosiak ()
Additional contact information
Tomasz Rosiak: Faculty of Management, University of Warsaw

Problemy Zarzadzania, 2014, vol. 12, issue 49, 172-187

Abstract: Recent economic problems have proved once again that the best trigger for European integration is crisis. As for now the causes of world financial crisis and European debt crisis are not the main subject of economists’ polemics. The key problems is how to avoid or prevent euro zone from next asymmetric shocks and improve its shock absorption capabilities? European Union (EU) introduced one of the most complex reform package in its history. Recent EU reforms solve many of current problems which led in some members countries of euro zone to debt crisis. But the key issue is whether they lead euro zone to next stages of economic integration that would help to prevent and coping with future crisis which surely will come. The theory of economic integration as one of the solutions suggests to go further than what was already created within European Union and particularly within eurozone – a political union (Lubbe, 2003). An integral part of this stage is fiscal federalism. In this paper I would like to highlight causes of recent economic crisis and explain why fiscal federalism would solve many of current problems. I will also introduce current propositions of UE reforms and try to assess whether they lead to fiscal federalism as the best way for efficient macroeconomic governance in the euro zone.

Keywords: Fiscal federalism; European Union; Economic Governance; Eurozone; EU Budget (search for similar items in EconPapers)
JEL-codes: E60 E62 F15 (search for similar items in EconPapers)
Date: 2014
References: Add references at CitEc
Citations:

Downloads: (external link)
https://press.wz.uw.edu.pl/ems/vol12/iss49/10 (application/pdf)
http://pz.wz.uw.edu.pl/en (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sgm:pzwzuw:v:12:i:49:y:2014:p:172-187

Access Statistics for this article

More articles in Problemy Zarzadzania from University of Warsaw, Faculty of Management Contact information at EDIRC.
Bibliographic data for series maintained by ().