DUGOTRAJNI POST-COVID SIMPTOM: VREME ZA REFORMU FISKALNIH PRAVILA EU?

  • Mihajlo Babin
  • Iva Ivanov Pravni fakultet Univerziteta Union
  • Miloš Erić
Keywords: fiskalna pravila, fiskalna politika, mastrihtski kriterijumi, reforma, EU

Abstract


U radu se istražuje usklađenost fiskalnih pravila EU u periodu 1992– 2020. Fiskalna pravila EU su propisana kao smernice i predstavljaju tipičan primer pristupa mekog prava. Negativan uticaj pristupa mekog prava je vidljiviji nakon perioda ekonomske krize (2008–2009; 2020–2022). Nepoštovanje propisanih limita na nivou budžetskog deficita i javnog duga stvara nestabilnost i razne negativne ekonomske efekte. U radu se ukazuje na to da postojeć a pravila nisu adekvatna funkciji zbog koje su doneta. U radu se ističe da su dizajn i primena pravila loši i da je zapravo Evropska komisija, od koje se očekivalo da bude zastrašujući pas čuvar, u stvari krezubi pas. Cilj rada je da predstavi potencijalne reformske alternative sa ciljem da se doprinese ponovnom uspostavljanju zdravog fiskalnog okvira u EU.

References

BIBLIOGRAPHY

Afonso, A., Hauptmeier, S., 2009, Fiscal Behaviour in the European Union: Rules, Fiscal Decentralisation and Government Indebtedness, ECB Working Paper, No. 1054, European Central Bank.

Beetsma, R., 2022, The Economics of Fiscal Rules and Debt Sustainability, Intereconomics, Vol. 57, Issue 1.

Beetsma, R., Larch, M., 2018, Risk Reduction and Risk Sharing in EU Fiscal Policymaking: The Role of Better Fiscal Rules, VoxEU, CEPR, (https://voxeu.org/article/risk-reduction-and-risk-sharing-eu-role-better-fiscal-rules, 5. 4. 2022).

Beetsma, R. et al., 2018, Reforming the EU Fiscal Framework: A Proposal by the European Fiscal Board, VoxEU.

Bénassy-Quéré, A. et al., 2018, Reconciling Risk Sharing with Market Discipline: A Constructive Approach to Euro Area Reform, Policy Insight, 91, CEPR.

Bergman, U. M., Hutchison, M. M., Hougaard Jensen, S. E., 2016, Promoting Sustainable Public Finances in the European Union: The Role of Fiscal Rules and Government Efficiency, European Journal of Political Economy, 44.

Bini Smaghi, L., Padoa-Schioppa, T., Papadia, F., 1994, The Transition to EMU in the Maastricht Treaty, Princeton Essays in International Finance, 194, November.

Blanchard, O., Leandro, A., Zettelmeyer, J., 2021, Redesigning EU Fiscal Rules: From Rules to Standards, Economic Policy, April, p. 199.

Bofinger, P., 2020, Easing the EU Fiscal Straitjacket, Social Europe, (https://socialeurope.eu/easing-the-eu-fiscal-straitjacket, 4. 2022).

Buti, M., What Future for Rules-Based Fiscal Policy?, in: Blanchard, O. al. (eds.), 2016, Progress and Confusion: The State of Macroeconomic Policy, MIT Press.

Craig, P., Búrca, G. de, 2015, EU Law: Text, Cases and Materials, 6th, Oxford, Oxford University Press.

Cuerpo, C., 2022, Economic Recovery in the Age of COVID-19, Intereconomics, Vol. 57, Issue 1.

Debrun, X. et al., 2008, Tied to the Mast? National Fiscal Rules in the European Union, Economic Policy, Vol. 23, issue 54.

Deroose, S. et al., 2018, EU Fiscal Rules: Root Causes of Its Complexity, VoxEU, CEPR, (https://voxeu.org/article/eu-fiscal-rules-root-causes-its-complexity, 6. 4. 2022).

ECB Occasional Paper Series, No. 232, August 2019.

EFB, 2019, Assessment of EU fiscal rules with a focus on the six and two-pack legislation.

EFB, 2020, Annual Report 2020.

EFB, 2021, Annual Report 2021.

Eyraud, L. et al., 2018, Second-Generation Fiscal Rules: Balancing Simplicity, Flexibility, and Enforceability, IMF Staff Discussion Notes.

Feld, L. et al., 2018, Refocusing the European Fiscal Framework, VoxEU.

James, H., 2012, Making the European Monetary Union, Cambridge, MA, Harvard University Press.

Juncker, J-C. et al., 2015, Completing Europe’s Economic and Monetary Union, European Commission.

Kamps, C., Leiner-Killinger, N., 2019, Taking Stock of the Functioning of the EU Fiscal Rules and Options for Reform, ECB Occasional Paper Series, 232, August.

Larch, M., Santacroce, S., 2020, Tracking Compliance with EU Fiscal Rules: A New Database of the Secretariat of the European Fiscal Board, VoxEU, (https://voxeu.org/article/tracking-compliance-eu-fiscal-rules, 3. 2022).

Mathieu, C., Sterdyniak, H., 2022, Towards New Fiscal Rules in the Euro Area, Intereconomics, Vol. 57, Issue 1.

Ódor, L., Fiscal Surveillance in the EU: From Maze to Pyramid?, in: Beetsma, R., Debrun, X., (eds.), 2018, Independent Fiscal Councils: Watchdogs or Lapdogs?

Regling, K., 2020, Fiscal Rules: Drawing Lessons from the Past, Interparliamentary Conference on Stability, Economic Coordination and Governance in the EU, Online, 12 October 2020, (https://www.esm.europa.eu/speeches-and-presentations/fiscal-rules-drawing-lessons-past-speech-klaus-regling, 4. 2022).

Regling, K., 2022, EU Fiscal Rules: A Look Back and the Way Forward, Intereconomics, Vol. 57, Issue 1.

LEGISLATIVE SOURCES

European Commission of the European Communities, Report on convergence in the European Union in 1996 (COM.96 560 final), (https://eur-lex.europa.eu/LexUriServ/LexUriServ.do?uri=COM:1996:0560:FIN:EN:PDF, 29. 3. 2022).

Council Regulation (EC) No 1466/97 of 7 July 1997 on the strengthening of the surveillance of budgetary positions and the surveillance and coordination of economic policies, Official Journal of the European Union, L 209/1.

Council Regulation (EC) No 1467/97 of 7 July 1997 on speeding up and clarifying the implementation of the excessive deficit procedure, Official Journal of the European Union, L 209/6.

European Commission, Communication from the Commission to the Council on the activation of the general escape clause of the Stability and Growth Pact, Brussels, 20.3.2020 COM(2020) 123 final.

European Commission, Directorate General for Economic and Financial Affairs, European Economy, 1998, No. 65,

(https://ec.europa.eu/economy_finance/publications/pages/publication8013_en.pdf, 29. 3. 2022).

Protocol on the convergence criteria referred to in Article 109j of the Treaty establishing the European Community and Protocol on the excessive deficit procedure.

Regulation (EU) No 1303/2013 of the European Parliament and of the Council of 17 December 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development and the European Maritime and Fisheries Fund and laying down general provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund and the European Maritime and Fisheries Fund and repealing Council Regulation (EC) No 1083/2006 (OJ L 347, 20.12.2013).

Resolution of the European Council on the Stability and Growth Pact Amsterdam, 17 June 1997, OJ C 236, 2. 8. 1997.

Treaty of European Union.

Treaty on the Functioning of the European Union.

 

INTERNET SOURCES

https://ec.europa.eu/eurostat/documents/2995521/14176362/2-21012022-AP-EN.pdf/4785530c-a1dc-5d07-1e94-acb29d9986a7, 6. 4. 2022.

ECJ, C-27/04, Commission Council, (https://eur-lex.europa.eu/legal-content/en/TXT/?uri=CELEX:62004CJ0027, 6. 4. 2022).

Eurostat database, General Government Gross Debt, (https://ec.europa.eu/eurostat/databrowser/product/page/SDG_17_40, 5. 2022).

Published
2022/07/16
Section
Original Scientific Paper