دورية أكاديمية
Changes in the fiscal policy of EU states after the 2008 crisis
| العنوان: | Changes in the fiscal policy of EU states after the 2008 crisis |
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| المؤلفون: | Wiliński Witold |
| المصدر: | International Journal of Management and Economics, Vol 55, Iss 1, Pp 52-65 (2019) |
| بيانات النشر: | Sciendo, 2019. |
| سنة النشر: | 2019 |
| المجموعة: | LCC:Business |
| مصطلحات موضوعية: | h12 crisis management, h63 debt, debt management, h30 general fiscal policy, h25 business taxes and subsidies, Business, HF5001-6182 |
| الوصف: | The aim of this article is an extensive presentation of the fiscal policy conducted by the EU states in the years 2008–2015. The analysis concerns the legal regulations introduced at the EU level by the European Parliament and the Council, as well as the fiscal policies of governments of particular states. The first part of the article analyzes basic macroeconomic data in EU states concerning the level of debt, the level of gross domestic product (GDP) redistribution, and the level of economic growth in the analyzed period. The second part discusses the legal acts adopted by the European Parliament and the Council (the so-called ‘sixpack’ and the European Fiscal Compact), aimed at improving macroeconomic balance and ensuring supervision over the proper functioning of national finances. The third part analyzes the discretionary fiscal policies pursued in EU states. The main conclusions of this article are as follows: (i) EU countries recorded higher national debt levels and debt growth rates between 2008 and 2015 than most non-EU Organisation for Economic Co-operation and Development (OECD) countries; (ii) despite legal measures taken by the European Council and the European Commission in the form of the sixpack and the European Fiscal Compact, and despite discretionary fiscal measures such as in the form of the European Economic Recovery Plan, five EU countries (Cyprus, Greece, Italy, Portugal, and Spain) have experienced a steady increase in their national debt levels; and (iii) deep reforms in the composition and level of government expenditure are a prerequisite for reducing national debt levels and for achieving satisfactory economic growth in these countries. |
| نوع الوثيقة: | article |
| وصف الملف: | electronic resource |
| اللغة: | English Polish |
| تدمد: | 2299-9701 |
| العلاقة: | https://doaj.org/toc/2299-9701Test |
| DOI: | 10.2478/ijme-2019-0004 |
| الوصول الحر: | https://doaj.org/article/18f479cfb1a7459393e25b593487d951Test |
| رقم الانضمام: | edsdoj.18f479cfb1a7459393e25b593487d951 |
| قاعدة البيانات: | Directory of Open Access Journals |
Full Text Finder | تدمد: | 22999701 |
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| DOI: | 10.2478/ijme-2019-0004 |