| Author (Person) | Wyplosz, Charles |
|---|---|
| Author (Corporate) | European Commission: DG Economic and Financial Affairs |
| Publisher | Publications Office of the European Union |
| Series Title | European Economy: Discussion Papers |
| Series Details | Number 14 |
| Publication Date | 14/09/2015 |
| ISBN | 978-92-79-48684-5 |
| ISSN | 2443-8022 |
| EC | KC-BD-15-014-EN-N |
| Content Type | Research Paper |
|
Summary: The make-up of the EU institutions, and their evolution, should explicitly be based on widely accepted federalism principles. This paper applies federalism principles to a few crucial questions, mainly fiscal policy, fiscal discipline and structural reforms, using where possible lessons from existing federations. After introducing the topic, Section 2 briefly reviews the key message from the fiscal federalism literature. The following sections use these principles to examine a number of areas where centralization may be insufficient or excessive in the EU. Section 3 looks at public spending, both in the aggregate and my main functions. Taxes are examined in Section 4. The next section looks at the issue of fiscal discipline, a weak spot of the Eurozone. The allocation of policy competences, a key characteristic of the UE, is the object of Section 6. The last section concludes. |
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| Source Link |
Link to Main Source
https://ec.europa.eu/info/publications/economy-finance/centralization-decentralization-issue_en
Alternative sources
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| Subject Categories | Politics and International Relations |
| Subject Tags | Federalism |
| Countries / Regions | Europe |
