FISCAL DISCIPLINE WITHIN THE EU: COMPARATIVE ANALYSIS

Abstract

This paper focuses on the analysis of the convergence indicators relative to fiscal area in the EU; subsequent to a description of the main peculiarities of the convergence criteria, the reseach develops a critical analysis on a comparative perspective of the actual values of fiscal convergence indicators registered in EU countries compared with the reference values of the indicators, with emphasis on the differences between emerging and developed countries.

Keywords

• nominal convergence
• the Maastricht criteria
• benchmarks.