PUBLIC FINANCES AND NEW ECONOMIC GOVERNANCE IN THE EU

This book is an attempt to assess the extent to which the New Economic Governance in the European Union has helped to discipline public finances in the member states. The authors point out the weaknesses of the institutional foundations of the functioning of the European Union, which have exacerbated the adverse phenomena in the real and fiscal spheres during the financial crisis. The strategies of fiscal consolidation of the member states have been assessed. The policy of austerity as a method of consolidating public finances and the associated non-Keynesian effects of fiscal policy have been critically analyzed. The methods of disciplining public finances in countries such as Germany, Great Britain, Hungary and Poland are discussed in detail. The characteristic experiences of other member states have also been taken into account in order to indicate the advantages and disadvantages of the implemented fiscal consolidation strategies.

• Assessment of the impact of the New Economic Governance on public finances in the EU
• Analysis of the weaknesses of the institutional foundations of the functioning of the EU
• Critical assessment of the austerity policy as a method of consolidating public finances
• Detailed description of the methods of disciplining public finances in various countries
• Use of quantitative methods to study macroeconomic relationships
• Identification of changes in the economic potential of the member states
• Assessment of the processes of economic convergence

The applied quantitative methods were used both to examine the relationships between the budget balance and other macroeconomic variables, as well as to identify changes in the economic potential of the member states and to assess the processes of economic convergence. This publication is a valuable source of knowledge for all those interested in the subject of public finances and economic governance in the European Union.

The publication of the Scientific Publishing House PWN is a compendium of knowledge on public finances in the European context. Based on solid theoretical and empirical foundations, the authors present a comprehensive analysis of the challenges and opportunities related to the management of public finances in the European Union. This book is an invaluable source of information for economists, politicians and all those interested in the issues of public finances.

Scientific Publishing House PWN, year of publication 2018, 532 pages, paperback, format 234x168 mm.