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2014•Ovidius University Annals Economic Sciences SeriesOpen access

Institutions and Instruments of Fiscal Policy in the European Monetary Union

Aniooara Niculina Apetri, Gheorghe Moroşan, Ana Maria Hlaciuc

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Abstract

The European Monetary Union (EMU) represents besides applying a common monetary policy but also coordinating the economic and fiscal policies. We intended through this study to achieve a synthetic presentation of the main issues with regard to fiscal policy, to fiscal policy rules stipulated in the treaties of the European Monetary Union, and to the use of fiscal policy as an instrument of public policy in the stabilization process of economic cycles within the European Monetary Union and the adjustment process of the macroeconomic indicators.

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The European Monetary Union (EMU) represents besides applying a common monetary policy but also coordinating the economic and fiscal policies. We intended through this study to achieve a synthetic presentation of the main issues with regard to fiscal policy, to fiscal policy rules stipulated in the treaties of the European Monetary Union, and to the use of fiscal policy as an instrument of public policy in the stabilization process of economic cycles within the European Monetary Union and the adjustment process of the macroeconomic indicators.

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Available abstract

The European Monetary Union (EMU) represents besides applying a common monetary policy but also coordinating the economic and fiscal policies. We intended through this study to achieve a synthetic presentation of the main issues with regard to fiscal policy, to fiscal policy rules stipulated in the treaties of the European Monetary Union, and to the use of fiscal policy as an instrument of public policy in the stabilization process of economic cycles within the European Monetary Union and the adjustment process of the macroeconomic indicators.

Key concepts: Fiscal union, Fiscal policy, Economic and monetary union, Economics, European union, Monetary policy, European monetary union, Presentation (obstetrics)

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