INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION
Fiscal discipline is a highly discussed subject in EU politics, media and the general public. But, as a part of a bigger picture – the fiscal integration process, fiscal discipline doesn’t appear from sudden; instead it evolves over time through carefully thought steps and decisions. In this paper w...
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doaj-3e9585706fbd4aa2aac22b8d8833b1822020-11-24T21:27:38ZengTechnopressJournal of Public Administration, Finance and Law2285-22042285-34992016-12-01510142154INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNIONFlorin-Alexandru MACSIM0Paula-Andreea TERINTE1Florin OPREA2‟Alexandru Ioan Cuza” University of Iaşi Iași, România‟Alexandru Ioan Cuza” University of Iaşi Iași, România‟Alexandru Ioan Cuza” University of Iaşi Iași, RomâniaFiscal discipline is a highly discussed subject in EU politics, media and the general public. But, as a part of a bigger picture – the fiscal integration process, fiscal discipline doesn’t appear from sudden; instead it evolves over time through carefully thought steps and decisions. In this paper we discuss the evolution of fiscal discipline components over time and how they correlate inside the EU framework, sample period being 1994-2015. As our analysis proves, EU governments are more than ever committed in maintaining sound public finances and fiscal discipline through the implementation of fiscal rules at a national level, and also by accompanying the rules with independent enforcing and monitoring institutions. In order to make the commitment more credible, EU states have also introduced sanctions for non-compliance and automatic correction and sanction mechanisms.http://www.jopafl.com/uploads/issue10/INSIGHTS_ON_THE_EVOLUTION_OF_FISCAL_DISCIPLINE_IN_THE_EUROPEAN_UNION.pdffiscal integrationfiscal rulesfiscal disciplineevolution |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Florin-Alexandru MACSIM Paula-Andreea TERINTE Florin OPREA |
spellingShingle |
Florin-Alexandru MACSIM Paula-Andreea TERINTE Florin OPREA INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION Journal of Public Administration, Finance and Law fiscal integration fiscal rules fiscal discipline evolution |
author_facet |
Florin-Alexandru MACSIM Paula-Andreea TERINTE Florin OPREA |
author_sort |
Florin-Alexandru MACSIM |
title |
INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION |
title_short |
INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION |
title_full |
INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION |
title_fullStr |
INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION |
title_full_unstemmed |
INSIGHTS ON THE EVOLUTION OF FISCAL DISCIPLINE IN THE EUROPEAN UNION |
title_sort |
insights on the evolution of fiscal discipline in the european union |
publisher |
Technopress |
series |
Journal of Public Administration, Finance and Law |
issn |
2285-2204 2285-3499 |
publishDate |
2016-12-01 |
description |
Fiscal discipline is a highly discussed subject in EU politics, media and the general public. But, as a part of a bigger picture – the fiscal integration process, fiscal discipline doesn’t appear from sudden; instead it evolves over time through carefully thought steps and decisions. In this paper we discuss the evolution of fiscal discipline components over time and how they correlate inside the EU framework, sample period being 1994-2015. As our analysis proves, EU governments are more than ever committed in maintaining sound public finances and fiscal discipline through the implementation of fiscal rules at a national level, and also by accompanying the rules with independent enforcing and monitoring institutions. In order to make the commitment more credible, EU states have also introduced sanctions for non-compliance and automatic correction and sanction mechanisms. |
topic |
fiscal integration fiscal rules fiscal discipline evolution |
url |
http://www.jopafl.com/uploads/issue10/INSIGHTS_ON_THE_EVOLUTION_OF_FISCAL_DISCIPLINE_IN_THE_EUROPEAN_UNION.pdf |
work_keys_str_mv |
AT florinalexandrumacsim insightsontheevolutionoffiscaldisciplineintheeuropeanunion AT paulaandreeaterinte insightsontheevolutionoffiscaldisciplineintheeuropeanunion AT florinoprea insightsontheevolutionoffiscaldisciplineintheeuropeanunion |
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1725974346643537920 |