The significance of the European Fiscal Board in the surveillance of fiscal policy in the euro area – the two year experience with its operation and the prospects for the future

• Authors: Giżyński Juliusz

Title variants

PL

Znaczenie Europejskiej Rady Budżetowej w nadzorze polityki fiskalnej strefy euro – doświadczenia po dwóch latach funkcjonowania i perspektywy na przyszłość

• Languages of publication: EN

Abstracts

EN

This article indicates the place of the European Fiscal Board in the fiscal supervision in the euro area, demonstrates the most important principles of the Board’s functioning, and presents the most important results of its two-year work. The Board acts as an independent advisory body to the European Commission. The outcomes of its work constitute an important voice in the debate on the new European fiscal framework. The article concludes with an evaluation of the Board’s functioning. On this basis, it has been concluded that the body is characterized by many limitations and therefore is a type of a low-significance fiscal council. A series of recommendations have been presented to strengthen its status. The research methods included in the work are a literature review and a comparative analysis of the documents issued by various institution of the European Union.

PL

W artykule wskazano miejsce Europejskiej Rady Budżetowej w nadzorze fiskalnym strefy euro, przedstawiono najważniejsze zasady funkcjonowania tej Rady oraz wyniki jej dwuletniej pracy. Rada pełni funkcję niezależnego ciała doradczego Komisji Europejskiej. Wyniki jej prac stanowią ważny głos w debacie na temat nowych europejskich ram polityki fiskalnej. Artykuł zamyka ocena funkcjonowania Rady. Na jej podstawie sformułowano wniosek, iż ciało to charakteryzuje się wieloma ograniczeniami i tym samym jest typem rady fiskalnej o słabym znaczeniu. W celu wzmocnienia jej statusu przedstawiono szereg rekomendacji. Do przygotowania artykułu wykorzystano metodę badawczą studium literatury i analizę porównawczą oficjalnych dokumentów wydanych przez instytucje Unii Europejskiej.

Keywords

EN

euro area; fiscal supervision; fiscal union; European Fiscal Board

PL

strefa euro; nadzór fiskalny; unia fiskalna; Europejska Rada Budżetowa

• Publisher: Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
• Journal: Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu
• Year: 2019
• Issue: vol. 63, nr 6
• Pages: 22-39

Contributors

author

Giżyński Juliusz

References

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