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Ewolucja reguł fiskalnych zawartych w korekcyjnej części Paktu Stabilności i Wzrostu

100%
Bielawska K.
Zarządzanie i Finanse
|
2012
|
vol. 4
|
issue 1
37-51
EN
Fiscal crisis in the EU revealed the ineffectiveness of the methods of coordination and supervision of fiscal policies conducted by the member states. The last revision of the Stability and Growth Pact in 2011, including its corrective arm, introduced many corrections to the application of fiscal rules. The adjustment of the fiscal rules promotes their greater flexibility, takes into account the medium-term objective (MTO) of fiscal policy pursued by member states and increases the probability of use of sanctions for non-compliance. The strength of fiscal rules changes however, will depend on the automatically imposed sanctions and on proper implementation of the rules into the national regulations.
2

On the new political economy of the Stability and Growth Pact

80%
Csaba L.
Kozgazdasagi Szemle (Economic Review)
|
2006
|
vol. 53
|
issue 1
1-30
EN
This journal has published in the 2003-5 period several contributions devoted to statistical analysis of the processes observable in the old and new EU member-states and assessment, based on that, of the sustainability of the Stability and Growth Pact, the chances of introducing the common currency in the new member-states, and the most expedient way of doing so. This article sets out to augment earlier analyses by looking at the solution now subject to professional and political debate: is the European version of a rule-abiding budget policy really just 'stupid', as Romano Prodi once said, or is it a frame with real economic content, so that observing it or even applying it more strictly than ever is a precondition for sustainable development in the new EU member-states, especially in the medium and long term?
3

EVALUATION OF FISCAL RULES IN THE EURO AREA AND IN THE UNITED KINGDOM

61%
Sankot O., Hronešová B.
Ekonomický časopis (Journal of Economics)
|
2017
|
vol. 65
|
issue 9
808 – 833
EN
This paper deals with the fiscal regulation in EU and the UK, analysing the Stability and Growth Pact (SGP) after the Six-pack reform and the recent introduction of British fiscal rules. The main aim of the first section of this paper is to compare the SGP before and after the Six-pack reform in order to determine whether the reform has contributed to conformity of the SGP with theoretical requirements on fiscal rules, as defined by Kopits and Symansky (1998). According to our analysis, it could be concluded that the Six-pack reform has contributed to better fiscal regulation in EU compared with theoretical requirements. Enforceability in real conditions, nonetheless, still depends on political will. The second section deals with the two recent British fiscal rules, which are also analysed using the Kopits and Symansky framework. The analysis of Eurozone and British fiscal rules aims at contributing to the current discussions about the economic consequences of Brexit.
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