Global coordination imperatives of fiscal policy in the EU

Ruslan Schava
PhD in public administration, Doctoral student of International Accounting and Auditing Department, Kyiv National Economic University named after Vadym Hetman, e-mail:moia.kneu@ukr.net

Cite this article:

Schava, R. (2016), Global coordination imperatives of fiscal policy in the EU. Ed.: M. Zveryakov (ed.-in-ch.) and others [Globalni koordynatsiini imperatyvy fiskalnoi polityky v ES; za red.: М. I. Zveriakova (gol. red.) ta in.], Socio-economic research bulletin; Vìsnik socìal’no-ekonomìčnih doslìdžen’ (ISSN 2313-4569), Odessa National Economic University, Odessa, Issue 1, No. 60, pp. 29–35.

Abstract

The article analyzes the evolution of the institutional model of fiscal rules in monetary union. A questions of hierarchical controls of fiscal systems and the evolution of fiscal policy are investigated. The features of putting into practice the implementation of fiscal policy in relation to the new institutional arrangement – fiscal rules and regulations that are able to prevent the debt crisis and strengthen fiscal discipline are analysed. The author’s view on the problem of fiscal systems harmonization in the international economic integration is proposed.

Keywords

fiscal system; the EMU; the EU monetary integration; fiscal rules.

JEL classification: F360; F380;  DOI: https://doi.org/10.33987/vsed.1(60).2016.29-35

UD classification: 330.34

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