Home  Journals  Finance and Credit  13(589) - 2014 April

Features of coordinating fiscal and monetary policies in conditions of the European economic and currency union

Available online: 31 March 2014

Subject Heading: Foreign experience

JEL Classification: 

Pages: 47-55

The article considers the macroeconomic policy of the European Union (EU) which includes a supranational monetary policy, elements of supranational budgetary policy and national fiscal politicians of the separate European countries. The authors reveal subordinated role in EU of the budgetary and tax policies in relation to the monetary and credit policies. The paper studies Economic standards in the field of a budget deficit, a public debt, interest rates and extent of their performance by the separate European states. The authors analyze the budgetary policy of EU taking into account sources of financing and structure of expenses. The article points out to the fundamental differences in realization of economic policy in the largest and advanced states, imbalance of tax systems in the separate European countries.

Keywords: budgetary and tax policy, monetary policy, economic integration, uniform European currency, budget deficit, public debt, budget of European Union, coordination of economic policy, interest rates

References:

1. The contract establishing the Constitution for Europe (20.10.2004). Available at: Link. (In Russ)
2. Lisbon contract on modification of the Contract on the European Union and Constitutive Treaty of the European Community (Lisbon, 13.12.2007). Available at: Link. (In Russ)
3. The contract on the European Union (Maastricht, 07.02.1992) (ed. by Lisbon contract of 2007). Available at: Link. (In Russ)
4. The contract on functioning of the European Union (Rome, 25.03.1957) (ed. by Lisbon contract of 2007). Available at: Link. (In Russ)
5. Sidorova E.A. Osobennosti biudzhetnoi politiki v Evropeiskom soiuze [Features of the budgetary policy in the European Union]. Moscow, Institute of World Economy and International Relations of Russian Academy of Sciences Publ., 2012, 129 p.

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3 March 2024

Archive