IDEAS home Printed from https://ideas.repec.org/a/aca/journl/y2021id335.html
   My bibliography  Save this article

The European Union and Italy relations in the context of supranational fscal regulation

Author

Listed:
  • D. О. Mikhalev
  • E. A. Sergeev

Abstract

The article presents a retrospective analysis of relations between the government of Italy and the European Union institutions in the context of supranational fscal regulation in 2002–2019. The authors analyze the influence of external and internal factors on the state of public fnance in Italy, note the reasons that made it difcult to meet the requirements of the Stability and Growth Pact, study the main issues on the agenda in the EU-Italy relations and their evolution. The authors also come to conclusion that unlike the earlier discussions about correcting budget defcit in Italy, current focus of supranational fscal governance is shifted to preventing it, what challenges the economic sovereignty of Italy and country’s opportunities to conduct a discretionary fscal policy.

Suggested Citation

  • D. О. Mikhalev & E. A. Sergeev, 2021. "The European Union and Italy relations in the context of supranational fscal regulation," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 3 ч. 2.
  • Handle: RePEc:aca:journl:y:2021:id:335
    DOI: 10.28995/2073-6304-2021-3-208-221
    as

    Download full text from publisher

    File URL: https://economics.rsuh.ru/jour/article/viewFile/335/310
    Download Restriction: no

    File URL: https://libkey.io/10.28995/2073-6304-2021-3-208-221?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Barry Eichengreen, 1992. "Is Europe an Optimum Currency Area?," Palgrave Macmillan Books, in: Silvio Borner & Herbert Grubel (ed.), The European Community after 1992, chapter 8, pages 138-161, Palgrave Macmillan.
    2. Mr. Luc Eyraud & Vitor Gaspar & Mr. Tigran Poghosyan, 2017. "Fiscal Politics in the Euro Area," IMF Working Papers 2017/018, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Barry Eichengreen, 2000. "Saving Europe’s Automatic Stabilizers," Palgrave Macmillan Books, in: Mark Baimbridge & Brian Burkitt & Philip Whyman (ed.), The Impact of the Euro, chapter 6, pages 87-99, Palgrave Macmillan.
    2. repec:ebl:ecbull:v:6:y:2008:i:40:p:1-14 is not listed on IDEAS
    3. Eichengreen, Barry, 1993. "A Marshall Plan for the East: Options for 1993," Center for International and Development Economics Research (CIDER) Working Papers 233185, University of California-Berkeley, Department of Economics.
    4. Bayoumi, Tamim & Eichengreen, Barry, 1994. "Macroeconomic Adjustment under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis," Economic Journal, Royal Economic Society, vol. 104(425), pages 813-827, July.
    5. Horst Feldmann, 1997. "Economic and political risks of European Monetary Union," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 32(3), pages 107-115, May.
    6. Casella, Alessandra, 1993. "Trade as Engine of Political Change: A Parable," Center for International and Development Economics Research (CIDER) Working Papers 233188, University of California-Berkeley, Department of Economics.
    7. Silvana Bartoletto & Bruno Chiarini & Elisabetta Marzano, 2013. "Is the Italian Public Debt Really Unsustainable? An Historical Comparison (1861-2010)," CESifo Working Paper Series 4185, CESifo.
    8. repec:zbw:bofrdp:1997_008 is not listed on IDEAS
    9. Tamim Bayoumi and Barry Eichengreen., 1992. "Is There a Conflict Between EC Enlargement and European Monetary Unification?," Economics Working Papers 92-188, University of California at Berkeley.
    10. Scharpf, Fritz W., 2013. "Political legitimacy in a non-optimal currency area," MPIfG Discussion Paper 13/15, Max Planck Institute for the Study of Societies.
    11. Silke Uebelmesser, 2004. "Harmonisation of Old-age Security Within the European Union," CESifo Economic Studies, CESifo Group, vol. 50(4), pages 717-743.
    12. Handler, Heinz, 2013. "The eurozone: piecemeal approach to an optimum currency area," MPRA Paper 67183, University Library of Munich, Germany.
    13. Frane Banić & Ivan Žilić, 2024. "How DiD EU’s fiscal policymakers behave under the Excessive Deficit Procedure," Working Papers 74, The Croatian National Bank, Croatia.
    14. Patrick Artus, 1992. "Passage à l'union économique et monétaire en Europe : effets sur la croissance et les politiques budgétaires," Économie et Prévision, Programme National Persée, vol. 106(5), pages 123-137.
    15. Dumitriu, Ramona & Stefanescu, Răzvan, 2020. "Iluzii financiare, Partea întâi [Financial Illusions, Part 1]," MPRA Paper 101201, University Library of Munich, Germany, revised 17 Jun 2020.
    16. Parviainen, Seija, 1998. "Redistribution and Risk Sharing in EMU," Discussion Papers 159, VATT Institute for Economic Research.
    17. Dimitrios Sideris, 2011. "Optimum currency areas, structural changes and the endogeneity of the OCA criteria: evidence from six new EU member states," Applied Financial Economics, Taylor & Francis Journals, vol. 21(4), pages 195-206.
    18. Jean Bensaid & Stéphane Jacobzone & Gérard Lattes, 1993. "Protection sociale et politiques redistributives dans le contexte de l'UEM," Économie et Statistique, Programme National Persée, vol. 262(1), pages 87-99.
    19. Oliver Hülsewig & Horst Rottmann, 2022. "Euro Area Periphery Countries' Fiscal Policy and Monetary Policy Surprises," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 84(3), pages 544-568, June.
    20. Pierre Aldama & Jérôme Creel, 2020. "Asymmetric Macroeconomic Stabilization And Fiscal Consolidation In The Oecd And The Euro Area," SciencePo Working papers Main hal-03403071, HAL.
    21. Jeffrey A. Frankel., 1992. "The Evolving Japanese Financial System, and the Cost of Capital," Center for International and Development Economics Research (CIDER) Working Papers C92-002, University of California at Berkeley.
    22. Charles Wyplosz, 1997. "EMU: Why and How It Might Happen," Journal of Economic Perspectives, American Economic Association, vol. 11(4), pages 3-21, Fall.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aca:journl:y:2021:id:335. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.