Conceptualising the Fiscal Union: The EU Perspective
Conceptualising the Fiscal Union: The EU Perspective

Author(s): Filip Petkov
Subject(s): Politics / Political Sciences, Politics, Governance, Economic policy, EU-Accession / EU-DEvelopment, Fiscal Politics / Budgeting
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: Fiscal Union; EU; Stability and Growth Pact; Fiscal Pact; Excessive deficit procedure; Macroeconomic Imbalance Procedure; European Fiscal Board
Summary/Abstract: The purpose of this article is to review the current aspects of the fiscal union concept, to explain its fundaments and its meaning for the successful governance of sustainable economic environment in EU. Methodologically the research largely employs content analysis to review over 20 primary and 15 secondary sources of information and most importantly the EU treaties and official communications of the European Commission. The research results imply computer-aided and manual content analysis exploring the legislative framework and authors contributions on the fiscal stability mechanism in the EU. The novelty of this research lies in its analytical approach, aimed at conceptualizing the EU fiscal union by means of content analysis of strategic documents, while it is otherwise approached in different context and conceptual setting (such as its contributions to the objectives of stable prices, sound public finance, monetary policy andsustainable balance of payments while ensuring open market with free competition).

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